The Cost of Caution:

Are UK SMEs getting the growth versus stability balance right?

As we enter 2026, the UK finds itself at a pivotal crossroads. Economic growth remains modest, while inflation persists above target – and corporate sentiment mirrors these constraints.

Businesses need investment to stimulate growth and productivity – yet a hesitation to fundraise persists.

This report provides one of the clearest pictures to date of how UK SMEs perceive debt finance, and the opportunities they risk losing by delaying securing funds. Based on survey responses from 300 business leaders across multiple sectors and regions, the findings challenge long-standing myths and highlight the urgency of timely decision-making.

Key findings:

Download the full report here.