With the countdown to Brexit quickly ticking away, Business Link Magazine invites a select number of the region’s business leaders to offer their thoughts.
Here we talk with Rachel Pringle, Director Thompson & Richardson Commercial Finance.
“Is the uncertainty of Brexit affecting Businesses appetite to seek additional finance?
“A number of commercial clients we see have concerns over the outcome of Brexit negotiations and the potential impact on their business. Their decisions to invest in new equipment, premises or whether or not to explore new international markets are not currently restricting them from proceeding, but there is an awareness of potential implications.
“Whilst the majority of clients are still moving forward with their plans for business growth or re-investing, they are still very mindful of how big or small the effects of Brexit might be for them, particularly in sectors which may be more affected such as Agriculture/import and Export or decisions to fund significant new developments.
“As a firm we will continue to work with clients in finding the right financial solutions, and assess certain sensitivities and stress tests on their business, but at this stage it is difficult to place too much emphasis on the outcome until a deal has been reached”