Are the brakes finally coming off business investment in the wake of the Brexit result? New research from the Bank of England (BoE) suggests this may be the case. The bank, which carries out monthly reviews of the UK’s credit and cash flow status, found that lenders extended more finance to businesses in February. Lending to businesses hit 3.2 per cent for annual growth figures, an increase of 0.2 per cent from the previous month.
Corporate borrowing figures tend to be volatile and can shift significantly by month. This move represented £2.7bn worth of investment, compared with the £0.7bn witnessed in the six months following the EU referendum result.
The news may be a tentative sign that the much-reported progress in Brexit negotiations is helping Britain’s businesses to feel more confident in investing in their operations. Similar research by the BoE found that firms were signalling a strong intention to invest in 2017.
The ONS, which carried out separate research, found that business investment figures rose to 0.3 per cent from their original prediction of 0 per cent between October and December last year. This means the economy has enjoyed a ‘reasonable’ start to 2018, which will lead to an expected two per cent economic growth. This compares with the original growth slowdown prediction of 1.5 per cent.
The news will be positive for businesses that are ready to invest and to put their strategies in place for the year ahead. Century Business Finance lends to thousands of businesses across the UK and is a highly-trusted lender of quality business finance.
We offer attractive loans for all business investment purposes and accept nine out of ten applications. The features of our loans include:
– Loan sums of £25k to £500k for unsecured lending and £20k to £1m for secured lending. Secured asset finance is also 100 per cent tax-deductible, making this an efficient way to fund your business.
– Attractive interest rates that start from 4.8 per cent.
– Loan terms to suit your needs, from six months to five years.
– Fixed monthly payments for ease of budgeting and planning.
– The ability to repay early without penalty, and no hidden charges or upfront fees in general!
– The trust and expertise of an experienced, reputable lender with thousands of business customers across the UK.
– The help and support of an expert lending team.
Here and ready to lend
With funds available for businesses now, we accept nine out of ten applications. Our process is also extremely quick and easy – simply complete the short online form, which take around five minutes. We don’t require complex or extensive paperwork and don’t ask for any meetings. Our own operation is slick, flexible and efficient, meaning that we can make an instant lending decision and transfer your funds into the nominated business bank account the following day.
Get in touch
Do you have any questions? Our industry-experienced finance advisors are here to help or to discuss your individual situation. Alternatively, just complete the short online application form for an instant lending decision. Remember that we have funds to distribute now, accept 90 per cent of all business customer applications, and can transfer funds into your business bank account for use tomorrow! Welcome to the Century Business Finance difference.