The Geographies of Access to Enterprise Finance: The Case of the West Midlands, UK [Les géographies de l'accès au financement des entreprises: Étude de cas de la région des West Midlands, au Royaume-Uni]

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    Abstract

    The geographies of access to enterprise finance: the case of the West Midlands, UK, Regional Studies. Whilst there is a long history of credit rationing to small and medium-sized enterprises (SMEs) in the UK, the financial crisis has seen banks retreat further from lending to viable SMEs due to a reassessment of risk and lack of available capital. In so doing, the credit crunch is thought to be creating new geographies of financial exclusion. This paper explores the financial inclusion of enterprise through community development finance institutions (CDFIs) which provide loan finance to firms at the commercial margins in the West Midlands, UK. The paper concludes that CDFIs could partially address the financial exclusion of enterprise as an additional, alternative source of finance to that of mainstream banks.
    Original languageEnglish
    Pages (from-to)868-879
    Number of pages12
    JournalRegional Studies
    Volume47
    Issue number6
    DOIs
    Publication statusPublished - 8 Jan 2013

    Keywords

    • financial crisis
    • financial exclusion
    • community development
    • enterprise

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