The cost of UK debt has fallen to an eight year low and
SME's should take advantage of the borrower friendly
market.
The UK's recovery from recession has been punctuated by a
series of external shocks, of which weakness in emerging markets is
the latest. A strong pound and weaker demand in emerging markets
are dimming prospects for an export-led recovery - and putting
greater weight on domestic demand to drive UK growth.
Against this backdrop, the UK banking market continues to be
buoyant, with the availability of credit continuing to increase to
nearly a seven year high and the cost of credit continuing to fall
to an eight year low. This has resulted in a borrower friendly
market and has created a window of opportunity for companies to
obtain competitive funding packages or additional funding for
growth or turnaround.
