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Serviced office seekers could benefit from 'improved' bank lending9th August 2010

Those seeking office space to rent could find loans are more readily available after it was suggested there are positive signs in banks' lending.

Thomas Parry, research manager at the Forum of Private Business, said: "There are positive signs in terms of banks reporting fewer bad debts and our own members seeing an increase in turnover and in some cases profitability."

However, businesses would like more to be done to ensure they have the financial support needed to grow, he remarked.

The situation is uncertain at the moment and will become clearer in the autumn when the government reveals further plans for business legislation and public sector reform, Mr Parry stated.

Firms looking to move to a serviced office could therefore benefit from an increase in lending by banks.

The Department for Business, Innovation and Skills recently announced from September 1st a new one-in, one-out system will commence.

Under this legislation, ministers cannot introduce a new regulation that imposes costs on businesses or the third sector without removing a current rule of the same value.
 

 

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