Market Research Measures Position of UK Businesses on Raising Finance

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19th December 2012 17:10 - Business Support

 

A poll of over 800 business leaders across the nation by chartered accountants Baker Tilly has revealed what UK companies feel about banks and raising finance in general.

‘Your Outlook for 2013 – a Business Survey’ questioned decision makes about their expectations, opinions and priorities for the coming year. It found that although companies are generally positive about the support they’ve received from their bank in 2012, the continuing economic uncertainty leaves them cautious when it comes to increasing their debt levels.

More than 80% of the businesses who took part in the study that wanted to raise finance over the last twelve months have turned to their bank.

Nevertheless, less than one in four of the respondents plan to raise finance next year, with just over half saying they would be turning to traditional bank lending (representing a 4% increase on last year’s survey).

The next most popular financing choice was found to be private equity or venture capital, which at 31% was 7% higher than last year. The third most preferred option is asset-based lending, voted for by 24% of the surveyants.

In terms of sectors, 50% of those in the hospitality and leisure industry are planning to raise finance in 2013, followed by the real estate and construction industry (29%) and the manufacturing sector (27%).

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