Of Special Interest


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25th May 2012

New UK business finance website

A new FREE TO USE website has been created in the UK to assist businesses find finance. The name is Business Finance For You, or BUFFY for short. It was developed by the British Bankers' Association and Better Business Finance banks with help from a number of business organisations and finance providers, makes it easier for businesses to find the finance they require by bringing into one place a wide range of finance providers – including business angels, regional funds, asset and lease financers, government schemes, grants and CDFIs as well as banks.

Stephen Fear, the Entrepreneur in Residence at the British Library, said:

"Britain needs entrepreneurs and entrepreneurs need finance so the launch of this well thought out and easy to use website is a major step forward for fledgling and growing businesses.

"I am always being asked where finance can be found for new and expanding businesses and from now on will be recommending this informative and user friendly website which really does provide first class information. I have long been saying that if it was as easy to get finance for your new business as it used to be to get finance for your car, Britain would be a world leader in start-ups. Start-ups often go on to be major employers of the future, something we should all support – what a brilliant initiative from the BBA."

Angela Knight, BBA chief executive, said:

"Access to finance is a critical issue for Britain’s businesses – and is an issue that is being taken seriously by the banks. There are very many sources of finance in the UK and finding out about and navigating a path through all of these can be complicated and confusing.

"That is why we have developed BusinessFinanceForYou.co.uk – to bring into one place a wide variety of finance providers and make that search easier for businesses. Sometimes bank finance is not the right thing for a business – but we want to be able to help businesses by showing them what the alternatives are. We hope this website makes finding finance easier and quicker for businesses – helping them to grow and thrive."

The web site is at: http://businessfinanceforyou.co.uk