UK SMEs feel calm ahead of Brexit

Saturday, 25 January, 2020 - 09:00

UK SMEs reported feeling calm about their business ahead of Brexit on 31st January, according to a survey conducted by Skipton Business Finance.
 

The survey, conducted by Skipton Business Finance, involved businesses from varied sectors including manufacturing, engineering, recruitment, logistics and other specialist services.

The data collected showed that over 50% of businesses reported feeling calm about their business with regards to Brexit, with a further 27% reporting that they feel excited about the future prospects of their businesses.

The past few months of uncertainty leading up to and following the general election and the impending Brexit day have filled many business-owners with apprehension when considering the future of their businesses.

With the countdown to Brexit shortening, UK businesses are preparing themselves for any changes that may need to be addressed. Despite assumed fear of what Brexit will bring, it appears that UK SMEs are feeling calm and positive towards the event.

Greg Bell, Managing Director of Skipton Business Finance, said: “The past three years have arguably had quite an effect on UK SMEs and their confidence in what the future may hold,”

“It is very important to us that these businesses are feeling positive and calm about Brexit and we are confident that providing businesses with the support of funding through invoice finance has positively influenced this result.” He added.

 

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Skipton Business Finance Limited, a wholly-owned subsidiary of Skipton Building Society, is a factoring and invoice discounting company. Established in 2001, SBF provides financial products ranging from invoice factoring, invoice discounting, and its award winning My White Label solution. Skipton Business Finance is also an accredited lender of the Enterprise Finance Guarantee Scheme. It continues to be a UK-leading financier in the invoice finance market and is keen to maintain its position as a major, client-focused organisation in the UK.

 

Want to know more?

Please contact Ed Carney on 0113 242 3237 or email info@skiptonbf.co.uk for further information.