Credit levels
continue to decline

Small and medium-sized businesses don’t expect the situation to improve in the next quarter

Despite a raft of government measures small and medium-sized businesses have reported that the availability of credit has continued to decline and that they don’t expect the situation to improve in the next quarter.

According to the second monthly Confederation of British Industry (CBI) Access to Finance Survey
60pc of firms who sought new or renewed finance found that its availability had declined over the last three months.

40pc of companies reported that they had not experienced a change in the availability of accessing finance, but none of the businesses surveyed saw an improvement in the situation in the last quarter.

60pc of firms who sought new or renewed finance found that its availability had declined over the last three months.
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