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Edward Lowton
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| Home> | Health, Safety & Welfare | >Safety Management | >Finance available, but at a price |
Finance available, but at a price
25 November 2013
The latest credit survey from EEF, the manufacturers’ organisation, reveals that more companies are seeking finance as they look at new investment opportunities, and the availability of funds is improving. However businesses – especially smaller companies - report the cost of finance is going up.
• The overall cost of credit increased for a balance of 11% of companies in the past two months, the highest balance since the end of 2012.
• The balance of responses on the cost of new finance picked up to 10% following the historic lows seen last time (2%).
• Availability of finance was positive on all three indicators, with a balance of 11% reporting increased availability of new credit lines. This is the second quarter running this balance was positive.
• Dropping from last quarter’s highs of 52%, the proportion of companies citing no need to borrowing fell to 40% - the lowest in our survey.
• Small companies are also reporting improved access to finance, but they are also the group most likely to have seen costs increase.
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