The new governor of the Bank of England is being urged to get more money into the hands of businesses that want to invest.
Mark Carney took over the role this week and the first Monetary Policy Committee meeting of his tenure will take place tomorrow.
The Coventry and Warwickshire Chamber of Commerce believes the headline figures of 0.5 per cent interest rates and £375billion of QE will remain the same but wants more to be done to put much-needed finance into the hands of firms.
Louise Bennett, chief executive of the Coventry and Warwickshire Chamber of Commerce, said: “We all wish Mark Carney very well in his new role and while we expect little change for some time when it comes to QE and interest rates, we would like to see more done to help businesses – particularly SMEs – access finance.
“Programmes such as Funding for Lending and QE need to start impacting further on the real economy and getting more money out to firms who want to invest and grow.
“There are signs of improvement in the economy but there is certainly no room for complacency. Access to finance remains a key issue for businesses and we hope Mark Carney will work with Government to help address that.”