I’M DELIGHTED TO ONCE AGAIN SHARE ALLICA BANK’S SME MARKET OUTLOOK EXCLUSIVELY IN BRIDGING & COMMERCIAL MAGAZINE

Using the insights gathered from over 150 established business owners—with an employee headcount between 10 and 100—we’ve gauged the attitudes of this vital segment of the UK economy towards the outlook for 2023.

We’ve backed this up with the opinions of over 220 of Allica’s commercial mortgage broker partners gathered in our broker survey from Q4 2022.

Unsurprisingly, there is a real concern in the market about business prospects this year and where challenges might arise. A combination of rising energy prices, inflation and interest rates have led to many growth plans being delayed, as businesses explore how they can firm up their bottom line.

However, the results also indicate that the resilience and steadfast creativity many businesses showed during the pandemic remains. There is a genuine optimism that better times lie ahead and a real appetite for opportunity.

2023 is going to be a challenging year, there’s no doubt about that. However, I’m certain that if banks, brokers and businesses continue to work together to secure those opportunities, we’ll come out on top.

I encourage you to read on for a little insight into how.

By Nick Baker Chief Commercial Officer at Allica Bank