The main findings of the CYBG SME Health Check Index show that:
- SME Health Check Index reduced to 41.9 points in Q2, compared with 48.8 in Q1
- Labour market remains resilient as SMEs continue to hire
- Diversity of SMEs means they are well placed to deal with market conditions
Chirag Shah, CEO, Nucleus Commercial Finance comments: “As Brexit limbo continues, it is not surprising that confidence amongst businesses continues to fall as we quickly approach the Brexit deadline. However, it’s not all doom and gloom: the labour market has remained resilient over the last quarter with small businesses continuing to make new hires.
“SMEs play a vital role in the strength of the UK economy and so it is important they continue to have access to support in these politically turbulent times. We want to reassure businesses that alternative lending solutions can help them achieve their ambitions and remain competitive in a challenging environment.”