Banks are lending to UK businesses again, making bank credit the most attractive source of finance, according a survey by Deloitte.
The survey, carried out between 22 November and 9 December and surveying 122 CFOs, showed that 80% said bank borrowing was the most attractive source of finance, the first time it has been rated as such since 2008.
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Ian Stewart, chief economist at Deloitte, said: "In a sign that banks are lending once again CFOs rate bank lending as the most attractive form of finance for their business for the first time since 2008.
"A record 80% of CFOs now say bank credit offers an attractive source of finance."
The findings, released on 6 January, also revealed that 49% of CFOs said the policies of Bank of England governor Mark Carney had made them more confident about the UK economy.
Lloyds Bank’s Business in Britain report, released on the same day, revealed that business confidence is the highest it has been since January 1994.
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By GlobalDataAccording to the survey, canvassing the views of 1,500 UK companies across all sectors, companies are more positive about the economy than they have been at any point since January 2007.
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