Microfinance Impact on SME Development: A UK Case Study

This report examines the role of microfinance in the development of Small and Medium Enterprises (SMEs) in the UK. It begins with a project outline, including the background, which highlights the financial requirements and the importance of SMEs in the UK's GDP. The report aims to assess the role of microfinance, identifying objectives such as determining the need for microfinance, identifying sources, and understanding government policies. The methodology section outlines a qualitative research approach using primary data collected through questionnaires and direct interaction with SME professionals, alongside secondary data from journals, blogs, and financial reports. The report references relevant sources like Warren (2017) to support its analysis of microfinance's impact on SME growth, taxation, and financial health.

To ascertain the role of micro finance in developing
small medium enterprise (SME) businesses: A study on
UK
Table Of Content
1. Project Outline
Background
The financial requirement in every entity is the prime need which determines the whole
operational overview, capabilities and responsibilities of the internal stakeholders to meet organisational
targets. The influence of small scale entities in terms of balancing the GDP ratio of the country. There are
various sources which will be helpful for the entity in terms of gathering the funds such as commercial
banks, local financial institutions and governmental agencies which grant funds for the operations. In
consideration with the level of capital utilised by the firm, they will have remedies and exemptions in
taxation (Warren, 2017). Therefore, mostly SMEs are free from paying the corporate tax as per their
financial health and the revenue gathered by them in such period.
Aim and Objectives
Aim: “To assess the role of micro finance in developing the SME in UK”
Objectives: The objectives of this research are:
 To ascertain the requirement of micro finance in the SME business.
 To identify the sources of micro finance.
 To determine the current government polices for developing the SMEs in UK.
Research methodology
 The research will be based on qualitative method as it enables researchers to make observation
over the collected informations.
 The primary and secondary data will be collected on the basis of preparing questionnaires which
contains question to be asked to the owners of SMEs in UK as to analyse their financial obstacles.

 There will be direct interaction with the professionals at SMEs as to have adequate knowledge and
informations.
 In relation with the secondary data collection it will be gathered by analysing the journals, blogs,
articles and financial reports of the various SMEs in UK.

REFERENCES
Books and Journals:
Warren, P., 2017. The Potential of Smart Technologies and Micro-Generation in UK SMEs. Energies.
10(7). p.1050.