Access to finance is vital

Posted on 18 Feb 2015
Share Blog Post
Access to finance key to SME recovery – ACCA Writing in City A.M., Claire Bennison, head of ACCA UK, reveals how a survey by the organisation found a varied picture of sentiment among SMEs with anxiety, uncertainty and stress plaguing business owners as they navigate the next stage of the pandemic. Owners reported a sharp rise in stress in June, Bennison says, as the country started to reopen while in May, they reported feeling “paralysed by mixed messages” as they grappled with the constantly changing health crisis and the emergence of the Delta variant. The ACCA’s latest tracker results show that businesses are now back trading at or above the level they expected, but they are struggling to obtain even the most traditional form of finance, such as an overdraft. Bennison appeals to the financial services sector to support small businesses as loan repayments kick in. “They need access to finance that doesn’t lead to personal debt that can really impact their mental health.”

View more blog posts

MTD extended
Posted on 01 Mar 2024
MTD extended
read more
Interest rate strategy
Posted on 27 Feb 2024
Interest rate strategy
read more
Tax investigations reduced
Posted on 26 Feb 2024
Tax investigations reduced
read more
High taxes hurt
Posted on 23 Feb 2024
High taxes hurt
read more
Back To Top
01604 660661