Breaking News
The Future of Brexit Britain: Businesses Determined to Grow Despite Economic Uncertainty
Research conducted by RateSetter Business Finance shows that, despite the uncertainty created by Brexit, more than 40% of businesses in the UK – and nearly half (48%) of those based in London – are expecting to grow this year.
Four in five businesses owners (82%) intend to invest in their company in 2017.
The findings contrast with recent statistics from the British Business Bank (BBB) which showed that half of UK SMEs have not sourced external finance for three years and that 70% borrowed less than £25,000 on the last occasion.
The total value of business lending dropped by 11% in 2016 compared with 2015 and, more recently, borrowing by non-financial companies decreased by £1.6bn in February.
Paul Marston, RateSetter’s Managing Director, Commercial Finance, commented:
“While the exact impact of Brexit on small and medium sized businesses will not become clear for some time, it’s reassuring to see that almost half expect to grow this year and are considering the finance they need to make this possible.”
“For the best SMEs, 2017 will present many opportunities, and we’re already seeing high-calibre businesses approaching us for finance in order to grow and become more productive.”
- Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Read more
- Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Read more
- Saudi Central Bank Launches Google Pay Service Through Mada Network Read more
- Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion Read more
- Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’ Read more
Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents
Payhawk announced set of AI agents that complete everyday finance work as part of its product launch
Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants
Ant International will launch cross-border QR code payments between the Saudi Arabia’s (KSA) national payment scheme, mada, Alipay+, during 2026 to drive digitisation and inclusive growth for local merchants.
Saudi Central Bank Launches Google Pay Service Through Mada Network
The Saudi Central Bank (SAMA) announced the launch of Google Pay through the Kingdom’s national payment network, Mada
Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion
Tamara has secured the largest asset-backed facility of its kind in the region of up to $2.4 billion from major FIs
Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’
Starling has revealed major changes to its visual brand, with a new logo, colours and card designs set to roll out to the bank’s app
barq Joins Forces With Thunes to Power Faster, World-Class Remittances Across Saudi Arabia
Thunes and barq launched barq’s enhanced remittance services to millions of consumers across the Kingdom
Paymentology Expands Presence in Saudi Arabia to Support Vision 2030 and Next-Generation Payments
Paymentology announcesd its commercial registration in Riyadh bringing card issuing and payment processing to Saudi Arabia
Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents
Payhawk announced set of AI agents that complete everyday finance work as part of its product launch
Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants
Ant International will launch cross-border QR code payments between the Saudi Arabia’s (KSA) national payment scheme, mada, Alipay+, during 2026 to drive digitisation and inclusive growth for local merchants.
Saudi Central Bank Launches Google Pay Service Through Mada Network
The Saudi Central Bank (SAMA) announced the launch of Google Pay through the Kingdom’s national payment network, Mada
Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion
Tamara has secured the largest asset-backed facility of its kind in the region of up to $2.4 billion from major FIs
Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’
Starling has revealed major changes to its visual brand, with a new logo, colours and card designs set to roll out to the bank’s app
barq Joins Forces With Thunes to Power Faster, World-Class Remittances Across Saudi Arabia
Thunes and barq launched barq’s enhanced remittance services to millions of consumers across the Kingdom
Paymentology Expands Presence in Saudi Arabia to Support Vision 2030 and Next-Generation Payments
Paymentology announcesd its commercial registration in Riyadh bringing card issuing and payment processing to Saudi Arabia