More than 1600 members were asked to detail the business they had written between 1stJuly 2015 and 30th June 2016. The total figure is up by almost 30% on last year’s figures.
Members should now have received a hard copy of our Annual Report & Accounts in the post. Let us know if you haven’t, by sending your desired postal address to firstname.lastname@example.org, and we will send you a copy.
The headlines are:
- Buy-to-let lending up 39.1% to £4.9 billion over the past 12 months; no apparent sign of a hangover from the Stamp Duty hike
- Invoice finance and equipment finance lending up 22.8% and 10.5% in the past year
- Traditional long term commercial property lending up across the board; with commercial mortgages up 54.8%
- Signs there’s been a switch back to traditional lending with 14.4% drop in new forms of business finance
- Lending totalled £20.7bn during the survey period
- Over the past year, lending to SMEs has exceeded the pre-recession high of 2007.
- It’s also the seventh consecutive year that total lending to small businesses has grown.
This was a phenomenal and record breaking twelve month period across the commercial finance sector. With the UK’s SME community showing a real appetite for growth, we have seen small business lending at levels above even those registered before the financial crash.