Retune your business

Access to Finance

In the immediate aftermath of COVID-19, businesses looked to improve their cash flow management and focus on dayto-day survival, leaning heavily on government support packages. But longer-term, businesses will need greater liquidity as they move towards a post-covid era. They will need to invest in adjusting to the changes, to sustain operations and stay competitive. Raising finance to do so will be essential.

According to Grant Thornton’s latest IBR data, 26.1% of mid-market businesses have spoken to or planned to talk to lenders about new credit, while 23.4% of global respondents said they’d either sought financial support from investors or are planning to seek support. Significantly, 46% of businesses identified a shortage of finance as a constraint on growth, up markedly from 37% in H2 2019.

Despite these concerns, there are pools of finance available for well-run businesses. Unlike the global financial crisis of 2008, there are many institutions currently sitting on cash.

Contact our team to discuss how to raise finance.