WIREDGOV

The CBI responded to a report by Nesta on peer-to-peer lending to business: Banking on each other.

Hayley Conboy, Principal Policy Adviser for Enterprise, said:

“Growth in the peer-to-peer lending market reflects an increasing appetite amongst UK businesses for alternative sources of finance.

“Bank debt will always be an important source of finance for growing businesses, but savvy firms know they will need a range of finance options to fund growth.

“This report should increase businesses’ awareness of the range of choices available to help them grow, of which peer-to-peer lending is one option.”