Lack of bank lending could see surge of first time backers

Findings from online lending platform Funding Circle show that seven in ten people in Britain would be prepared to invest in UK companies.

The survey from Funding Circle, a business which was set-up in August 2010 and has allowed businesses to borrow £40 million, shows that £72 billion could be injected into the UK economy.

Breaking the statistics down further reveals that the average saver is prepared to invest £2,080 into businesses looking for finance.

The study, compiled by OnePoll on behalf of Funding Circle, reveals that almost two thirds of the population are looking at alternative investment options which represent a change to traditional savings accounts.

Funding Circle itself has reported an increase of 89 per cent in people joining its platform since the Barclays Libor scandal unfolded.

via Lack of bank lending could see surge of first time backers.