Smaller companies are showing a worrying lack of capital investment, according to the Finance and Leasing Association’s (FLA’s) yearly survey of business finance.
The injection of funds to help small- and medium-sized enterprises (SMEs) invest in capital equipment decreased by the equivalent of more than a Ј1bn.
Martin Hall, the FLA's director general, said: "SMEs remain reluctant to commit to capital expenditure, and if such a trend continues it can only lead to a lack of innovation and productivity in those very businesses that play such a key part in maintaining the UK's economic health."
Source: The Guardian
