Access to finance: Outlook splits Yorkshire business

BUSINESSES in Yorkshire are split over whether to make major investment decisions now, according to a poll from TheBusinessDesk.com.

The results of the online poll suggest a narrow majority, 55%, are delaying strategic decisions because of the uncertain outlook for the UK economy.

However, the resilience of Yorkshire business is shown with 45% insisting they are pressing ahead with their plans.

Advice and insight for business considering their financing options is available in a new supplement, produced in association with Barclays Corporate, now available to download free.

Click here to download the supplement.

The supplement examines how lenders have had to work to encourage businesses to start borrowing after the credit crunch knocked their confidence.

“From one week to the next, there was no certainty to the assumptions that had been made behind business plans,” said Jim Sparling, corporate director at Barclays Corporate.

“Businesses putting projections together had no certainty that those growth plans would come about.”

Barclays has seen a recovery in demand from larger companies although SMEs remain focused on paying off debt.