AS small and medium-size businesses in the UK boom, research carried out by AXA Business Insurance suggests they may not be making the most of the initiatives available to help them do so.
Finance remains the area that SMEs view as the biggest barrier to growth.
The data revealed that 12 per cent of SMEs polled had accessed funding in the last year.
However, 44 per cent had relied on an overdraft, credit card or family and friends to provide the additional cash.
A further 20 per cent had taken out a bank loan.
Research shows that nearly half of all those questioned are planning to invest in new equipment or other resources.
Yet AXA warns that many SMEs may struggle to do the best for their business as less than 20 per cent have any understanding of schemes such as the Funding for Lending scheme or government loans.