There are signs of confidence returning to the UK’s 5.5m small and medium-sized businesses and the lending market they rely on, iwoca’s latest SME Expert Index finds.
The new research, carried out with over one hundred SME finance brokers who collectively submitted over 2,500 SME finance applications in March, reveals that worries about a recession are at their lowest level in a year. While three in five (63%) brokers reported concerns from SMEs about a future recession, this is down from a high point of nearly four in five (77%) in Q2 2022.
