CreditPal takes part in Doing Business Together’s first Grass Roots Forum

December 6, 2010

CreditPal has taken part in the inaugural “Grass Roots” Forum of the Doing Business Together group, which was held in conjunction with the Richmond Chamber of Commerce and was attended by the Business Secretary Vince Cable MP.

The forum brought together a large group of Richmond based SMEs who were able to discuss their own problems accessing finance with leading banks, credit rating agencies, asset backed lenders, credit insurers, accountants and SME software providers.

The event was organised by Future Route’s Chairman and CEO Chris Poll, who founded Doing Business Together in 2009 to help SMEs access finance.

Vince Cable attended the entirety of the event and told attendees, “There is too much misunderstanding and even mistrust between banks and their clients, which creates a barrier holding back firms, banks and the wider economy.”

“The operating principles of Doing Business Together describe how these barriers can be broken down by taking a few clear, commonsense steps. I will be watching its progress with interest.”

This sentiment was echoed by a number of event attendees, including Andrew Leck, head of ACCA UK. He said: “We are pleased that the cross profession Doing Business Together group has established clear principles that will help improve the delivery of financial information and ultimately improve the finance options for SMEs.”

“The priority now should be to demonstrate to SMEs the importance of financial information when seeking finance and for us all to take a more proactive approach to ensuring the access to finance door remains open.”

To read the full press release announcing the event, click here.

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