Access to finance
A briefing paper on how to access bank accounts and credit for business start up [March 07]
Refugees have a long history of starting successful businesses in the UK. However, many still face distinctive barriers when trying to access bank accounts and credit. This paper starts by giving clear information about the professional guidelines for opening a bank account and accessing credit. This will be useful for asylum seekers and refugees, advisers and providers of financial services. Although the focus is on enterprise, the information is relevant to personal banking and credit.
Accessing bank accounts and business start up for business start up draws on work carried out through Refugees into Business (RiB), a project funded through the DTi’s Small Business Service to support refugees considering business start up. This paper is also a product of the Partnership for Refugee Employment through Support Training and Online Learning (PRESTO) Development Partnership.
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