How to fund your firm

Need to raise money? Look beyond the bank, says David Prosser.

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Don't rush straight to the bank
(Image credit: Phil Leo / Michael Denora)

Small firms raised a record £6.7bn in equity funding last year, according to the British Business Bank. Meanwhile, bank lending to small businesses fell, with firms across the UK wary of increasing their debt levels. The contrasting appetites for these two different forms of finance is interesting.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.