DAVENHAM ASSET FINANCE
enquiries@davenham.co.uk
Call us 0161 832 8484
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31st March 2017
Article 50 has been triggered, now clarity is needed for UK businesses

Article 50 was triggered by Theresa May on March 29th around midday, meaning Britain will officially leave the EU no later than April 2019, leaving the next 2 years for negotiations, deals, regulations and processes to be put into place. So now the clock is officially ticking, the Federation of Small Businesses (FSB) has said SME’s in the UK need more clarity around Brexit, and how it is going to impact the way we run our businesses.

In response to the beginning of negotiations, Mike Cherry, National Chairman at the Federation of Small Businesses (FSB), said: “It’s vital that throughout the Brexit negotiations the small business voice is not lost and that the final agreement is positive for British business.” And we couldn’t agree more. Whether it is confidence in export and import regulations staying on the same terms, or assurance that those employing non-EU citizens will keep their workforce, these queries need to be addressed early to prevent panic based on uncertainty.

Luckily, the short-term financial implications of Theresa May’s Article 50 letter are unlikely to be very dramatic, but when it comes to the economy, it is essential that a comprehensive trade deal is reached before the sands run down in 2019. Taking a look at things more locally, nearly 80% of Greater Manchester businesses surveyed currently intend for their investment plans to remain the same despite Brexit and Article 50, leaving just 7% planning to cut them, 9% unsure and 1% have already put them on hold, and hopefully this positivity will remain in the Northwest.
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Many feel that the real impact of the decision to leave the EU is yet to be felt, due to the number of key decisions still left to make. If this is the case, the Davenham team is here to support SME’s and help tackle any funding challenges which may come our way as a result of Brexit, so please don’t hesitate to get in touch should you have any queries or concerns on 0161 832 8484.
ASSETS FINANCED
• Construction Plant & Machinery
• Engineering Equipment
• Printing Machinery
• Manufacturing Machinery
• Agricultural Machinery
• Private Vehicles 
• Haulage Vehicles
• Bus & Coaches
TYPES OF FINANCE OFFERED
• Finance Lease
• Hire Purchase/Lease Purchase
• Refinance of existing assets
• Turnaround finance
• Short Term Funding
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Part of the Davenham Group  including  www.davenhamtradefinance.co.uk
Registered Office 55 King Street, Manchester M2 4LQ.
​Company Number 08356079
Davenham Asset Finance is not authorised by the FCA to conduct regulated business and thus can only provide asset finance and asset refinance solutions to non-regulated businesses.
Careers  |  Privacy Policy | Cookies Policy | Terms & Conditions
Website designed by The VIVIDesigner
  • WHAT IS ASSET FINANCE
    • Case Studies
    • Testimonials
  • MEET THE TEAM
    • Careers
  • ASSET FINANCE SERVICES
    • Asset Refinance
    • Vehicle Finance & Refinance
    • Construction Finance / Plant & Machinery Finance
    • Machinery & Equipment Finance
    • Agricultural Finance
    • Printing Equipment Finance
    • Machine Tool Finance
    • Recycling & Renewables Finance & Lending
    • Finance Lease
    • Hire Purchase / Lease Purchase
    • Short Term Finance
    • Turnaround Finance
  • BROKERS
  • NEWS
  • CONTACT
  • MORE
    • Treating Customers Fairly
    • Home
Assets Financed
• Construction Plant & Machinery
• Engineering Equipment
• Printing Machinery
• Manufacturing Machinery
• Agricultural Machinery
• Private Vehicles 
• Haulage Vehicles
• Bus & Coaches
Types of Finance Offered
• Finance Lease
• Hire Purchase/Lease Purchase
• Refinance of existing assets
• Turnaround finance
• Short Term Funding
Part of the Davenham Group  including  www.davenhamtradefinance.co.uk
Registered Office 55 King Street, Manchester M2 4LQ. Company Number 08356079
Davenham Asset Finance is not authorised by the FCA to conduct regulated business and thus can only provide asset finance and asset refinance solutions to non-regulated businesses.
Careers  | Sitemap | Cookies Policy | Terms & Conditions

Website designed by The VIVIDesigner