London, England – 27th October, 2017

Recent reports have revealed that a lack of awareness amid UK SMEs regarding alternative finance options has created a huge economic hole totalling over £20bn.
The report argues that a failure in raising awareness regarding the alternative resources of finance to assist fuel development can cost the UK economy around £20bn by the year 2020, since the traditional providers are still withdrawing essential financing lines.
It has been estimated that from the year 2011, banks have been withdrawing around £5.7m every day as small businesses drop into their overdraft, thereby cutting down the available credit by £8.4bn at an approximate cost to the UK economy of £2.9bn. It has also been seen that overdrafts of 55% SMEs have been cut or removed.
In order to address all these problems, the report has called the Government to support the execution of Small Business Enterprise and Employment Act’s obligatory referral plan alongside a national awareness campaign to change the SMEs behaviour and facilitate UKs economic development.
As per the CEO of Nucleus, “Alternative finance industry has attained a huge deal in a very short time frame; however, it’s crucial that the Government now pilots the charge to make sure SMEs are being helped to succeed and that alternative finance sector reinforces its position in the financial services industry.”
He further added, “In spite of having a plethora of guides, reports and well-intentioned documents for SMEs, lack of alternative finance awareness is a problem that has been threatening to challenge UK’s economic improvement. We have to do simple things in a much more effective manner in order facilitate SMEs behavioural change and to develop an environment for the Small Business Enterprise and Employment Act to succeed to drive growth in the economy.”
Nucleus Commercial Finance has been offering its services to several businesses from the past few years and supporting them by providing finances they require to thrive in the market.
The services that are offered by Nucleus Commercial Finance are of set upfront fees and come with guaranteed proficiency and honesty. They do not mask any hidden fees for the services offered. To find out more about them and their services, visit https://nucleuscommercialfinance.com/.

Nucleus Commercial Finance Ltd.
2 Gees Court
London
W1U 1JA
+44 (0)207 839 9451
Email: [email protected]