Funding “lack of choice” a concern for SMEs

UK SMEs are increasingly concerned about their ability to gain funding in the run up to Brexit, a recent survey has revealed.

The study, commissioned by insurer Hiscox, has found that recent economic and political uncertainty has adversely affected business confidence, and caused concern for the future as Britain’s withdrawal from the EU becomes nearer. This is further exacerbated due to the fact that 38 per cent of the 500 businesses surveyed admitted to accessing EU funding.

The study revealed that 36 per cent of business owners say a lack of choice was the most common single challenge they faced when looking for funding. What also emerged was that one in five (20 per cent) are still unaware of the variety of funding options available to them.

Our partner business, BM Structured Finance, specialises in sourcing and restructuring debt finance for SME businesses. We match the most suitable products to each individual circumstance and work together to ensure compatibility and satisfaction, thereby enhancing the business’ cash flow liquidity and facilitating maximum growth.

Whether you’re a start up or a well-established business, cash is king and managing its flow is crucial to your long-term success. For more information about how BM Structured Finance can help you and your business, contact Simon Belton or your usual Beavis Morgan Partner.

Source: Finding the funds – how British Businesses did it