Allica Bank’s survey of UK brokers reveals a significant increase in confidence for the upcoming months, with over half expressing a positive outlook. Despite a decline in asset finance applications, some sectors like transport and logistics, construction, and manufacturing continue to drive strong activity, showcasing the sector’s resilience.

The bank cites a challenging backdrop with a £65 billion lending gap as high street banks retreat from SME finance. Despite mixed trading conditions, 30% of brokers reported stable application volumes. Allica Bank remains committed to supporting businesses in navigating tough lending conditions and helping them succeed.

Brandon Hall, Head of Broker Sales at Allica Bank, notes the rising broker confidence and the bank’s efforts to provide support through its lowest asset finance rate in three years. EFT Finance’s founder, Henry Hemsley, highlights renewed excitement among clients, emphasizing the importance of working with a responsive challenger bank to secure growth opportunities.

As UK broker confidence surges, there is a renewed focus on preparing for the future. Despite businesses’ cautious approach, there is optimism and a willingness to grow. The survey results reflect a determined sector eager to thrive, with support from institutions like Allica Bank and EFT Finance.

Read more at Yahoo Finance: Allica survey finds UK broker confidence is surging