Business property developers and other firms hoping to succeed in difficult economic times do not need easy credit, an expert has argued, but rather, a good rapport with finance providers.

George Derbyshire, chief executive of National Enterprise Network the NFEA, argues: "The secret of success is sound business plans, good presentation and a positive relationship with your bank manager."

Some business property developers may be surprised by this assertion, as newspapers generally report on the universal difficulty of accessing credit and the reluctance of lenders to make cash advances.

A survey released yesterday (November 25th) by R3, the Association of Business Recovery Professionals", showed 44% of company heads think banks have been supported of their activities in the three months to September 30th, with only 17% 'strongly' disagreeing they had been.

This suggests some business property developers - perhaps those with investment property in recovering markets such as central London offices - have enjoyed backing from financial providers regardless of worries over risky loans.

Posted by Tom BakerADNFCR-2842-ID-800258617-ADNFCR