Our regular readers and partners will already know that Regency Factors is working with and supporting greater numbers of businesses than ever, but new research from UK Finance, shows that this support is not being matched by our banking counterparts.
In fact, the data shows that overall SME lending fell across the UK from Q3 2013 and Q2 2019 by almost 9%, a drop of almost £10bn.
The North West has seen the biggest change with a 22% drop in funding over the same period falling from £11.3bn to £8.1bn.
Regency Factors PLC continues to buck the trend of financing SME’s across the UK, giving them the opportunity to thrive and grow.
Given the fact 99.9% of businesses in the UK are classified as SME and account for 60% of private sector jobs, the SME community is not one that can be underfunded.
A client of ours commented on the funding that we provide: “Regency is clearly business minded, offering a flexible facility that will grow as we grow providing us with scope for innovation as we break into new markets”
To discuss the funding options available to your business. Please do not hesitate to contact us on 0161 280 4220 or lynnew@regencyfactors.com
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