Analysis of the Bank of England’s data1 on SME lending shows that through the first half of 2023 SME’s saw net lending decrease by £5.3 billion.
The research by Ebury, the global financial technology firm helping to simplify international trade for SMEs, highlights the urgency with which businesses are now making debt repayments in the aftermath of the various COVID-19 loan schemes and the rising cost of servicing that debt.








