High growth companies in the UK are finding it more difficult to get finance following the Brexit vote. The annual review, conducted by ECI Partners, surveyed 315 companies growing at 5 per cent or more in the last year, and with a turnover of between £10 million and £200 million. Of those interviewed, more than half said they were experiencing difficulty in accessing growth finance, the highest reading since 2012.
Last year’s ECI Growth Survey indicated that these companies strongly opposed an EU exit, with 91 per cent saying they were against Brexit. But despite more than two thirds of respondents saying they are most concerned about a downturn as a result of economic uncertainty and volatility, they do however expect to see an increase in revenues over the next 12 months.
Our independent finance brokerage, BM Structured Finance, is readily available to assist in sourcing the right funding for your business. With a wide reaching network of contacts throughout the finance and equity sectors, we are able to provide a multitude of financial products tailored to suit each individual requirement.