Small businesses still struggling for funding

Survey reveals funding more difficult to secure over the last year

An overwhelming majority of financial advisers say that securing funding for small and medium sized businesses is becoming more troublesome, according to a survey by Bibby Financial Services.

The survey of financial advisers and brokers showed that a huge proportion, 91%, found that securing funding for their clients had become more difficult over the last 12 months. This, Bibby argues, shows that initiatives such as the Government's plan to improve access to finance for small businesses are not

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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