Allica Bank SME lending contributes £5.8bn to UK GDP in 2024: report
Lending by Allica Bank to established small and medium-sized enterprises (SMEs) in Britain contributed £5.8bn ($7.6bn) to GDP in 2024. The GDP contribution included £2.2bn direct; £1.8bn indirect; and £1.8bn induced. Allica Bank disclosed this data in its newly commissioned report from Oxford Economics. As per the report, the bank’s lending generated £1.4bn in tax … Read more