Mixed picture on SME fortunes ahead of Brexit

Date: 12 March 2019

Businessman Standing While Holding an Umbrella

The latest SME Health Check Index has found that evaporating confidence and restricted GDP growth are hitting Britain's SMEs.

Despite an upturn in the overall Index score (out of 100), up 4.9 points to 54.9, Q4 2018 of the SME Health Check Index, produced by CYBG and Cebr, recorded the lowest levels of confidence and GDP growth since 2014.

On a more positive note, business cost inflation fell by 0.2% to 2.8% and the annual rate of growth in the value of SME's outstanding loan balances entered positive territory for the first time since 2013.

The regions seeing the biggest declines are the East Midlands and the East of England. The score for the North West rose considerably for the second consecutive quarter and both the South East and North East saw strong gains thanks to increases in employment and lending.

Graeme Sands, head of business banking at CYBG, and Cebr economist Nina Skero discuss the findings here:

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