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Britain Needs Its SMEs More Than Ever, But Funding Crunch Is Choking Their Growth
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Britain Needs Its SMEs More Than Ever, But Funding Crunch Is Choking Their Growth
Amid global economic uncertainty, from geopolitical tensions to inflationary pressures, it’s easy to miss a quieter, yet equally critical crisis closer to home. New research from Manx Financial Group reveals that nearly a third of the UK’s SMEs have been forced to pause or abandon growth plans due to a lack of access to finance.Let that sink in - 30% of the businesses that make up half of all private sector turnover in the UK have had to hit the…
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