questionText: To ask the Chancellor of the Exchequer, how she will notify SMEs that their bank is a designated bank under any scheme set up to ensure customers that are rejected for finance approval can be matched with alternatives who will offer support.
answerText: The Bank Referral Scheme is an initiative dating back to 2014, which requires major lenders (designated banks) to refer SME customers that they reject for finance, with the SMEs’ permission, to finance platforms that can match the SME with alternative fin...
heading: Small Businesses: Finance