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The EU spent €6.3 billion in the UK in 2017 (about £5.5 billion), down from €7.1 billion in 2016 (about £5.7 billion). As with the EU as a whole, the majority of expenditure received by the UK is allocated to ‘Smart and inclusive growth’ (42%) and ‘Sustainable growth: natural resources’ (54%). The reason England was…
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We expect fintech businesses to take longer than some traditional startups to reach profitability. They prioritise reinvestment in order to scale as their business models often rely on volume in order to achieve profitability. Financial services is a heavily regulated industry with a large legacy technology and transactional infrastructure. Both these challenges need to be…
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This is the fourth annual British Business Bank report on Small Business Finance Markets, setting out the latest evidence on the ways in which finance markets support smaller business and help them contribute to improving productivity and growth in the UK economy. Our understanding of smaller business finance markets, both in terms of demand for…