Funding growth still a major concern for construction firms

Published:  03 June, 2014

A recent survey has revealed almost two thirds of UK construction businesses plan to seek funding for growth in the next year, but over half of that number are worried their bank will turn them down.

In the third quarter of 2013, Close Brothers found that 10% more of those planning to secure additional funding felt their bank would deny them access to financial support than in the first quarter of 2013, signalling an issue of growing concern among the industry.