Small businesses in Derby and Derbyshire dissatisfied with their high street bank

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The Federation of Small Businesses (FSB) latest monthly survey shows that a quarter of all respondents are dissatisfied with the support offered by their high street bank over the last 12 months.

Throughout the duration of the recession small firms in Derby have faced difficulties in accessing finance and credit, and an FSB-ICM survey showed that 25 per cent of firms are not happy with the support offered during that period.

The results show that the level of dissatisfaction rises as the number of business managers in charge of the account over the previous two years increases.

The FSB is now calling for the establishment of a Post Bank utilising the Post Office network. This will provide a local and trusted option for the UKs small businesses as well as providing more competition into the banking sector.