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Aim market crucial for SMEs

London’s Alternative Investment Market (Aim) will this morning receive a ringing endorsement from the City of London Corporation, highlighting the junior market’s important role in supporting smaller businesses which it says are crucial to getting the economy back on track. A report by the corporation said Aim’s comparatively low costs for admission, fundraising and transactions had substantially increased the variety of capital-raising and investment opportunities for UK SMEs, despite the recent flood of companies delisting from the market in the downturn. However, the City of London added that the research should be undertaken to improve low levels of liquidity on Aim that could act as a deterrent to firms seeking funding.