According to Lyn Turnbull, the owner of local burrito bar Mexigo, small UK businesses are struggling to receive funding. Lyn’s claim is backed by the recent Close Brothers Group report on UK small and medium-sized enterprises (SMEs). The report found SMEs are struggling to find adequate funding to invest and boost their productivity.
Lyn Turnbull is a local small business owner who believes she has risked everything to get some funding. Mexigo is a very small chain of burrito bars with only two stores in Southampton and Bournemouth.
Lyn sort help from the banks to open her Bournemouth store three and a half years ago. She protests that the banks were very unhelpful.
However, Lyn does believe there is a new funding lifeline for small businesses. She reveals asset companies are changing to offer help to SMEs.
Starting a small business is not something Lyn takes lightly.
Story credit: Connor Tracy, Jessica Cerasale, Naomi Doddridge, Lewis Lesbrel.