Chirag Shah, CEO, Nucleus Commercial Finance comments on the British Chambers of Commerce latest Economic Forecast:

“Today’s figures highlight the detrimental impact of the pandemic on unemployment supply chains. With the furlough scheme set to come to an end later this month, this will have a knock-on effect on UK SMEs and ultimately the economy. 

“While we are starting to see signs of a dwindling pandemic, challenges still remain. As the economy fully opens up and companies return to business as usual, they will be facing difficult decisions and will need further financial support, over the medium and long-term. 

“This is where government and industry have a crucial role to play, in communicating the support available and helping SMEs plan for their futures. The alternative finance industry will play a big part in this, in providing businesses with the finance they need at speed, so they can thrive throughout the pandemic and beyond.”