Marc Cowling

Head of Research and Innovation

Professor Marc Cowling is Head of Research and Innovation at the College of Business, Law, and Social Sciences University of Derby. He has a PhD in Business Economics from Warwick Business School. His research focuses on the financing of smaller business and the effectiveness of government policy interventions in this area.

Contact Details

Email:[email protected]

Biography

Professor Marc Cowling is Head of Research and Innovation at the College of Business, Law, and Social Sciences University of Derby. He has a PhD in Business Economics from Warwick Business School. His research focuses on the financing of smaller business and the effectiveness of government policy interventions in this area. He has recently expanded his activities to include designing loan and guarantee instruments for agencies such as The World Bank, Latin American Development Bank, Innovate UK, and the Swedish Growth Agency. He can be contacted at [email protected]

SOTA Review

Loan guarantee schemes in the UK: What have we learnt? SOTA Review No 28

Loan guarantee schemes are the most pervasive and long-standing means of intervening in capital markets to support small business lending in the world. They are popular with small businesses, easy to understand, easy to administer, and allow large numbers of credit constrained small business to access loans that they would have struggled to get. Yet take-up of UK loan guarantees over its 38 year scheme history has varied dramatically. In this review we consider just why, despite its general popularity, the UK scheme has had such a variable past, and show just how sensitive demand for guaranteed loans is to the nuances of the schemes rules.

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Associated Themes
  • Finance