The full report can be found here and the main findings show business optimism amongst SME manufacturing firms deteriorated in the three months to October, at the fastest pace since July 2016.
Chirag Shah, CEO, Nucleus Commercial Finance comments on today’s CBI SME Trends Survey: “The shadow of Brexit is clearly taking its toll on SME confidence across the UK. Business owners are erring on the side of caution and putting their future plans on hold until they know the political outcome and its impact.
“The growth of SMEs is fundamental to the future of our economy and it’s vital that restoring SME confidence is at the top of the political agenda. Government and industry must work closely together to support businesses through these challenging times and demonstrate the positive impact of finance, in enabling businesses to remain fierce in a competitive market.”