P2PFA Partners in new Business Finance Guide

The Peer-to-Peer Finance Association is pleased to be a partner in the second edition of the Business Finance Guide – a journey from start-up to growth, which sets out the primary considerations and outlines sources of finance available to business, ranging from start-ups to SMEs and growing mid-sized companies.

The new Business Finance Guide provides a unique guide, devised for businesses and advisers by the ICAEW Corporate Finance Faculty together with the British Business Bank, is supported by twenty-one major professional, membership and representative organisations.

Drawing on the considerable expertise of its many contributors, who together represent more than a million members in businesses, finance providers, advisory firms and organisations, the guide includes several tools and ideas, as well as explanatory videos to help businesses consider their options, make decisions and plan how they will finance expansion.

Speaking after the launch of the Business Finance Guide, the Peer-to-Peer Finance Association’s Policy Director, Robert Pettigrew commented: ‘Despite very considerable progress in raising awareness of the benefits of peer-to-peer finance, the Business Finance Guide offers a timely prospect of an authoritative source of information to help entrepreneurs increase their knowledge of the advantages of exploring alternative forms of finance. Small businesses have been inert in depending upon their banks as a sole source of finance – with three-in-five contacting just one provider and fewer than one-in- five seeking advice about finance. Nearly half of small businesses are unlikely to seek advice where they encounter difficulty obtaining finance, even if they are creditworthy borrowers’.

He continued: ‘the Peer-to-Peer Finance Association welcomes the launch of the Business Finance Guide which seeks to broaden understanding amongst businesses about the options they have in financing their investment and expansion, which could deliver very considerable benefits to tens of thousands of enterprises and to the economy more generally. Given the impressive levels of growth in peer-to-peer lending to businesses experienced in the last few years, increased understanding of the advantages of alternative forms of finance can only be a good thing for growth and the wider economy ’.


Notes to Editors

  1. The Peer-to-Peer Finance Association was founded in London in 2011 as a self- regulatory body for the sector to promote high standards of conduct and consumer protection. Members of the Association are required to meet robust rules and operating principles for the transparent, fair and orderly operation of peer-to-peer finance.
  2. The new guide can be accessed online at:
  3. The need to stimulate greater volume of scale-up businesses and SME exporters to counter lagging productivity in the United Kingdom, OECD data shows that Britain is near the bottom of the table for the proportion of businesses that grow to more than ten employees after three years.
  4. There is an acknowledged need to accelerate the evolution of a diverse and accessible range of finance options to drive competition and choice for smaller businesses. The four largest banks still account for eighty per cent of the small business loan market in 2014, with many small businesses not looking at alternative finance options beyond their main bank.
  5. The finance landscape remains uneven across the United Kingdom; to help re-balance growth, an increased availability of finance for small business sectors across the country is required – seventy-one per cent of total small business equity investment is accounted for by London and the South-East-based companies.


Robert Pettigrew (Policy Director, Peer-to-Peer Finance Association) e-mail –; telephone: 07771-547462