Connect with us
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.





Paul Surtees, MD and Co-founder of

As Theresa May and her new cabinet settle in, one subject looms over the corridors of power:a strong Britain outside the EU is reliant on its small business economy.

Figures published by the FSB in November 2015 show that SMEs account for 99.9 percent of all private sector businesses. The combined annual turnover of UK SMEs totals £1.8 trillion.

Shortly prior to the referendum, business confidence plunged to a four-year low. Capitalise published research with PKF prior to the vote that revealed more than 40 percent of UK businesses felt Brexit had already impacted their investment decisions.

How can the Government reassure small businesses in the face of Brexit?

Communicating a clear, transparent strategy for Britain’s European exit will calm nerves and boost investment across a range of sectors.

Looking further ahead, the UK must also make the most of the opportunity it now has to govern self-sufficiently.

While certain EU ‘red-tape’ is likely to prevail as it negotiates trade agreements, this post-Brexit Government has the chance to execute policies and scrap regulations to benefit domestic SMEs. This is particularly relevant to businesses that do not rely on trade with other EU member states, who have – through the UK’s EU membership – still been subject to strictly imposed product regulations.

Similarly, a continued commitment to infrastructure investment will be crucial for small businesses. Burgeoning industries such as fintech need government support to compete internationally.

Our survey with PKF showed that 15 percent of small businesses had postponed entering into new business relationships in the months prior to the vote.

Uncertainty is the biggest threat, making the commitments made around matching EU investment incredibly important. All structural and investment fund projects signed before Autumn Statement will be fully funded, even when these projects continue beyond the UK’s departure from the EU.

Small businesses are crying out for more announcements like this. They need a clear picture of the future. Without this level of detail, small businesses cannot make forecasts and projections that are a key requirement to secure substantial investment or a business loan. They must pursue shorter term targets, using products such as invoice financing or asset-based lending to gain the financial support they need.

These are testing times where small businesses need access to a range of tools to help navigate choppy waters. The banks are running a range of programmes to support access to capital, new challenger firms are springing up and services such as are making it easier to search and find finance.

The UK sits at a crossroads. Small businesses have the potential to lead the way. All they need now is to be given the tools to succeed.

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking and Finance Review, Alpha House, Greater London, SE1 1LB, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post