Related topic: SME

ONS figures show 260,000 businesses in Ignite’s target category make up 4.5% of the UK private sector but 31.2% of its turnover.

Luke Watson, director of intermediary sales and lending at Recognise Bank, explains why challenging conditions do not necessarily remove the appetite to grow.

One in four brokers said they were currently finding it difficult to secure funding for their clients, up from 19% in Q1 and 11% in Q4 2025.

Limited awareness of finance options, complex application processes, and difficulties accessing products suited to businesses with limited collateral were all highlighted as issues.

The deal would create a combined group with a net loan book of nearly £650 million.

Adam previously held relationship and client manager roles at Calverton Finance, Pulse Finance and Metro Bank.

Joshua will focus on strengthening Aldermore’s presence across the South.

The specialist property development lender aims to support 1,000 homes in the region by 2028.

Phoebe has held previous asset finance roles at Shawbrook Bank and BNP Paribas.

Of those noting an increase in demand, more product options (58%) and improved appetite from lenders (32%) were identified as the main causes.