Nucleus CEO Chirag Shah: Comment on CBI Manufacturing Sentiment

In light of the CBI’s new data outlining that sentiment within manufacturing further deteriorated, Chirag Shah, CEO, Nucleus Commercial Finance, said: “Today’s CBI Business Optimism, Industrial Trends, Index shows a further deterioration in business sentiment since last quarter’s results. This manifests across manufacturing and means business leaders will be less likely to invest in improving productivity, hiring more staff and ultimately growing their businesses. This lack of optimism poses huge challenges, particularly for SMEs who lack the resources of bigger players.”

In contrast, research covering broader UK business, commissioned by Nucleus, indicated an appetite with the majority of young business leaders looking grow their businesses and innovate, despite the uncertain environment they’re operating within. We encourage these ambitious businesses to seek the capital they need to deliver the growth they desire and steer their business through these uncertain times.”