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Mr. Young has attempted to obtain a loan of ￡ 25,000 over earlier this year to fund a move of most major local.

After an initial meeting "encourages", the Bank has failed to communicate with him. When he inquired about the progress from the application of two weeks later, he requested to submit business plan and financial information that he had already provided.

After another 15 days without contact, M. Young telephoned to the Bank and was invited to submit six months bank statements and commercial history of three years. He provided 75 sheets of paper per receipt delivery. When he then called the Bank told him that his application had been lost. "It was six weeks later," said Mr. Young.

When he complained about the experience, Mr. Young has received a written apology and an offer of a loan, but at this stage he had obtained money from Barclays, a process that has taken two weeks he said.

Kevin Bentley, Member of the cabinet for economic development and regeneration in Essex County Council, said: "we started this at a time when it was difficult to obtain loans from the Bank or a discovered and we wanted to invest in small businesses." We respond to the needs of [small business] exactly when it mattered most. ?

Mr. Young has stated that he could better to go to a high street bank however. "If I had gone to Santander directly, I probably would have obtained an answer within 48 hours." When you're a small business, you need instant action. You cannot wait for six weeks for someone to say yes or no. ?

There were a number of new entrants to the market banking since the financial, including Metro Bank and focused small crisis lending business Aldermore, hoping to take advantage of the provision of funding negative feelings by banks. Bank loans to small businesses decreased by 4 5pc last year, according to the Bank of England, yesterday released a report that said banks had cut off supply of credit to a point that does not reflect the decline in demand.

Banking on Essex has been widely praised as an example of innovation in small business financing when it made its first loan there is 18 months, with business groups hoping that it would announce a return to the banking relationship and better access to finance for small business-driven.

The regime has lent a total of ￡ 530 000 shared between 22 companies of 20 loans and overdrafts two. It provides loans up to a maximum of ￡ 100,000 for undertakings Essex who employ less than 250 people, have been trading for at least one year and have revenues of less than 25 m ￡.

Mr. Bentley said the "teething problems" had known the regime had been "taken". The schema is 18 months old and there are banks that are 300 years old. "You have problems with any new project you start"
He said.

He said that he could not to comment on individual cases, but said "we have many companies who have extensive experience with us" and added that 120 companies was helped by his service advisory "own loans. Loan demand increases, he said, although we do specific target loan.

"I can't tell you this that [banking on Essex] look like in six months," he said. "" "" We are constantly review what the customer needs. If people have problems, they can contact me and we'll investigate it.

A spokesman for Santander said that it will not adopt a 'quota' approach to increase loans in the banking sector on Essex. "We anticipate further growth in 2011 even if none of the targets have been set at this stage." Under the funding regime in 2011 will be conducted in accordance with the needs of these local businesses and Santander would be delighted if the number of candidates were to increase. The scheme was created to help local businesses. volumes will be driven by them. ?

She added that the audit carried out by the Essex County Council "found generally acceptable." "Some suggestions were made to further improve the record-keeping.

"Teething problems inevitably occur with the all new company where no protocols exist." As the system has been developed, a regular dialogue has been maintained with Essex country to learn from the experiences and to improve the system board. ?

There is currently no plan to replicate the schema in other areas, said Santander.

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NEW YORK (Reuters) – Steady economic improvement should fuel U.S. stock gains through 2011, according to a Reuters poll of investors and strategists, but international concerns could limit gains in the second half of the year.

Median forecasts from 50 respondents surveyed over the past week showed the Standard & Poor's 500 index (.SPX) rising to 1,285 by end of the first half of 2011, an improved outlook from a September survey, which had a target of 1,250.

"There are a number of powerful tailwinds supporting higher stock prices, including an accommodative Fed, a potentially more business and investor-friendly Washington, and a strong M&A cycle," said Jonathan Golub, chief U.S. equity strategist at UBS.

The S&P has surged over 20 percent from a low reached in July, lifted by expanded monetary policies from the Federal Reserve, the mid-term elections and improved economic data.

The poll was conducted before President Barack Obama approved a plan to extend tax cuts for all Americans, which boosted European and U.S. stocks while hitting benchmark Treasury bonds.

Europe's sovereign debt woes and China's attempts to curb inflation contributed to recent weakness, though clarity on a bailout for Ireland has partially eliminated that headwind.

Many analysts expect Europe's woes to hurt markets in 2011, and cite that as a reason why gains are expected to slow in the second half of the year.

Based on the S&P's Tuesday close of 1,223.75, the mid-year target represents gains of about 5 percent. Analysts expect the index to end the year at 1,325, a more moderate increase than the first half of the year.

"The issues in Europe won't just disappear overnight; they'll take a year just to stabilize and could blow up on us at any moment," said JJ Kinahan, chief derivatives officer at TD Ameritrade in Chicago, who has a year-end target of 1,275.

He added that there was a fear that interest rates could begin moving up partway into 2011.

The spread of the forecasts for mid-year 2011 was 400 points, in a range of 1,040 to 1,440. Compared to last quarter's poll estimates, which had a range of 500 points, the latest survey suggests less uncertainty.

For the Dow Jones Industrial Average (.DJI), the median estimate for the middle of the year is 12,050 among 23 respondents, which would translate into a gain of about 6 percent from Tuesday's close of 11,359.16. The new target is higher than the 11,620 forecast in the September survey.

The year-end target for the Dow is 12,105 in another signal that investors are feeling guarded about the second half of next year.

Andrew Wilkinson, senior market analyst at Interactive Brokers in Greenwich, Connecticut, said he expects the recovery to continue. But he added: "a lot has been baked into the market and analysts will start reining in their expectations. Growth will be modest and unemployment will remain high."

(Additional reporting by Rodrigo Campos, Edward Krudy, Charles Mikolajczak, Angela Moon, Leah Schnurr and Caroline Valetkevitch. Additional polling by the Bangalore Polling Unit; Editing by Jon Loades-Carter)

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A report has suggested that more costly banking may be part of the solution, small business issues report when you try to access to finance.

Said document work commissioned by finance finance Venture vendor invoice and supported by the bis, KPMG and the Colombia-British Business Angels Association (BBAA) reliability have become more important to improve small business confidence and stimulate the demande.Il prices was also reported that small businesses failing to invest because of a reluctance to take on new debt.

Peter Ewan, Director General of finance Venture, said player competition between the banks to reduce the price in advance of the financial crisis had led to a "production-line" approach to banking small businesses which has "affected quality of service.

"I hope price increases, allowing financial institutions give a better service to their customers," said he.

"As expenses have been hunted down it is much harder for financial institutions to understand their customers, because they have fewer persons to the faire.Ils must be more effective because prices have fallen."

Many companies are currently too afraid of approaching their bank for the capital expansion or extension found in cases where the information that they provide results in changes to existing facilities, contributor the requested report.

Jamie Young, Director of Feist Hedgethorne, a provider of part-time, finance directors stated: "I have clients who have relatively small bank overdrafts to ￡ 30 000 to 40 000 ￡ and small amounts of growth", he explains."They were concerned by addressing the Bank for an increase in their overdraft facility where this discovered gets reduced.

Venture finance accounting investigation found that said 60pc reliability rather than price was now key driver when companies evaluated the quality of their relationships with lenders.

Mr. Ewen said business owners "have started to say,"a relationship is more important than the fee or discount rate. "

Mr. Young was added: "the great thing is if funding is going to be there for the future or [if it]"will be shot.""

? Would you be willing to pay more for a more reliable relationship with your Bank? have your opinion on our forum, hosted on LinkedIn

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The supermarket is forging closer links with farmers at a time of rising raw material prices and the interest of consumers in the origin of their food. Photo: PA

The supermarket will invest 40 million pounds for the next three years in farming "development groups", which he established four years working with farmers produced various areas such as meat beef, lamb, milk and grain.

Party money will be paid directly to farmers as prizes for the adoption of good agricultural practice".the ' money will also invest in improving infrastructure and efficiency, with benefits - such as the Veterans bill payments and training - and IT provide resources to farmers.

40 Million investment of ￡ 21 m just ￡ that the retailer has already invested in the development of agriculture groups since their formation.

Attempts to forge closer ties with its agricultural suppliers supermarket arrive at a time of rising prices of raw materials and increasing consumer interest in the origin of their food.

Friday the retailer brought 1,000 farmers and producers in the largest meeting of its kind to discuss the future of food and agriculture.

Justin King, Chief Executive Sainsbury, said Sunday Telegraph as one of the objectives of the meeting was to refute some "urban myths" appeared on relations of supermarkets with small fournisseurs.Il said that supermarkets are often a "convenient bogeyman" for critical.

"All too often you'll hear farmers say"supermarkets do this".but we are not", he said. "By arriving at tours, money show us farmers that we are actually two heads.?

He said that one possible reason behind the prejudices surrounding supermarkets is that farmers generally provide strings via an intermediate - or "processor" - which means that it does not exist as a more direct contact that it should be.

Meurig Raymond, Deputy President of the National Farmers' Union, was in the Warwickshire Friday at Stoneleigh Park.

He said: "development dairy Sainsbury's dedicated group is a successful example how retailers can help sustain britanniques.Nous farmers hope that this will be echoed in all sectors to provide what is needed to ensure a thriving food and livestock industry."

Farmers of the meeting discussed the volatility of markets worldwide, means to make more sustainable agriculture and the impact that 33pc Government cut in the Department of the environment, food and rural affairs administration budget will affect agriculture.

Mr. King and Mike Cup, Director commercial Sainsbury, addressed the gathering, as Jim Paice, Minister of agriculture.

Mr. King has said that agenda of the Conference is to encourage greater collaboration between the supermarket and its fournisseurs.Il said that payments are made to farmers over the market products in return for their subscription price for various efficiency or sustainable development programmes.

"Pay them on the market for some additional things like animal stewardship stewardship or water b.c price ' is a bonus cash for agriculture in a particular way we know that our customers are demanding", he said.

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While banking undergraduate course has suffered, Cass graduate degree is in rude health. There are 1,000 requests for 80 seats for the contribution this year photo: Alamy

Universities and business schools could be used more effectively for transferring knowledge on what makes successful businesses tick, supports the head of the Centre for entrepreneurship at Cass Business School Peter Cullum.

Nick Badman, former head of buyouts 3i UK firm private equity, said: "If you look at what is arrived in support of the company in the last decade or my opinion staff so most of the money was stole."

"We had some educational training that passes was not rejoint.beaucoup people are aligned with the course, but the quality of companies that have been created are not bonnes.Il is now has a chance for a new beginning."
However, this is done, I hope that it is done in a manner which provides quality private-sector support.?

Peter Cullum, the founder of Towergate, personally supported Cass, creation of a fund to invest in young companies alongside training centre.
Mr. Badman led Gerard Burke, who led growth of activity of Cranfield University course to create a similar series for Cass.

"Peter is a sector privé.Gérard guy is a guy privé.et sector I'm donc.Mais we do so under the umbrella of an organization p.Eng combines academic strength in the public sector with certain skills quite tolerate private."

The centre three programmes at a price of ￡ 2,000 for an intensive five-day on the creation of new enterprises to ￡ 9 500 for a potential business growth course also provides mentorship on a range
period of 12 months.

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