Business Development Partner Richard McNeilly shares his views.
The Bank of England Monetary Policy Committee (MPC) has held interest rates at 0.5%. It is now over two years since a change and the MPC appear to have calmed the cries for an interest rate rise which was widely forecast earlier in the year. With money markets not predicting significant interest rate movement until 2013 this signals good news for Midlands business.
Confidence remains fragile but you can't keep entrepreneurs still for long and for those businesses considering investment, inertia in interest rates can only be a good thing.
Despite the benign interest rate environment, business owners remain uncertain as to the level of support available from funding institutions. There is plenty of evidence however that well constructed proposals, which balance risk for Bank and client are still attracting support.
Why not challenge Dains to help in achieving your investment plans? Our team continues to deliver funding solutions for a range of clients with a mix of traditional bank funding, asset based funding solutions and private equity. An initial consultation is available without charge and is a useful way of kick-starting investment plans.
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