Comments on the CBI SME Trends Survey

“Although fears of Covid seem to have faded for businesses over recent months, supply chain challenges and skills shortages are significantly knocking SME confidence, particularly in the manufacturing and construction sectors. Adding to SMEs’ woes is the end of the furlough scheme and the knock-on effect this is having on uncertainty in the labour market.

“While government measures have gone some way to combat this in the short-term, with steps to resolve HGV driver shortages and extra support measures for certain sectors, we’re not out of the woods yet. Looking ahead, it’s vital that government and industry work together, to provide businesses with the support and access to finance they need to boost their confidence and optimism, invest in their futures and stimulate economic recovery.”

Chirag Shah, CEO, Nucleus Commercial Finance