Figures released by alternative lender Just Cash Flow PLC show applications volumes for its finance facilities are currently running at 28% higher than in the week leading up to the Brexit vote.
Director John Davies says,“In the run up to the referendum differing reports about which way the vote was going to go was causing a tremendous amount of uncertainty with all sorts of doom and gloom forecasts being made. The one thing all businesses hate is uncertainty and we weren’t surprised to see SMEs postponing investment decisions.
“We expected this cautious approach to continue for some time while all the speculation about the ramifications of Brexit continued. However, the significant increase in application volumes we are now experiencing and conversations we are having with business owners reveal a different story.
“They are saying a firm decision has been made and Brexit will be Brexit, it is going to take time but we can’t put our lives on hold while the politicians debate what it will look like – we need to get on with growing our businesses.”