LONDON, February 24, 2011 /PRNewswire/ --
- Survey Will Provide Credible and Robust Data on Businesses and Financing
The Business Finance Taskforce* has brought together leading banks and business groups in a Business Finance Round Table and selected BDRC Continental to conduct and report on an independent and authoritative study of SME finance and banking relationships.
This research will encompass 15,000 telephone interviews amongst businesses with up to GBP25 million turnover, to be conducted between March and December 2011, and will inform the current debate by publishing credible and robust data on businesses and their financing. It will also establish progress against the range of initiatives announced in the Taskforce Report*.
The project is being led by Shiona Davies, Director at BDRC Continental. The first report will be published in July and on a quarterly basis thereafter.
Angela Knight, Chief Executive of the BBA said, "The Business Finance Taskforce is a major initiative aimed at helping business access the finance it needs. We went through a rigorous selection process for a research company to provide the clear, impartial and authoritative data required and were impressed by BDRC Continental's knowledge of the issues facing SMEs in the UK, and their expertise in understanding how to research and report these topics. With SMEs representing more than 70% of the British economy, we are pleased to be working with a research provider that brings more than a decade's research know-how to this important study."
Notes to Editors
The Business Finance Round Table represents a unique body of stakeholders in this field and comprises:
- Association of Chartered Certified Accountants - British Bankers' Association - British Chambers of Commerce - British Venture Capital Association - Confederation of British Industry - Engineering and Machinery Alliance - Federation of Small Businesses - Forum of Private Business - Growth Capital Association - Institute of Chartered Accountants in England & Wales - Institute of Directors - Quoted Companies Alliance - Barclays Bank - Lloyds Banking Group - HSBC Bank - RBS Group - Santander UK
* See http://www.bba.org.uk/taskforce for more information about the Taskforce.
About BDRC Continental
BDRC Continental is the UK's largest independent market research agency. Established in 1991, the company has built an unrivalled reputation as a full service consultancy with specialist expertise across a number of sectors including business to business, financial services, hotels, meetings & hospitality, media & advertising, internet & telecoms, Government & not for profit, culture & leisure and tourism, travel & transport.
BDRC Continental is staffed by highly experienced researchers with great reputations in their individual fields as well as in the market research industry. The company is renowned for its consultative approach and ability to add value to clients' businesses by bringing insights from multiple markets to the research. This cross-disciplinary approach enables BDRC Continental to provide intelligence that is informed by a deep understanding of the client's issues and the wider market context. As well as undertaking bespoke research for a wide variety of clients, the company conducts a number of syndicated studies and has developed proprietary techniques including AdForensics and ZMET Visionary Thinking.
SOURCE BDRC Continental