ThinCats Annual Review 2023
Although the UK’s political landscape in 2023 was much less frenzied than in 2022, the economic environment remained tough. Rising interest rates, high inflation, low GDP growth and squeezed consumer spending are not the ingredients for businesses to feel confident about making future investments.
Nevertheless, the mid-sized businesses we support have seen plenty of opportunities to grow and we have been pleased to provide them with appropriate funding. So much so that we were named Business Lender of the Year at the British Business Awards, having provided a record £395 million in funding, a 31% increase on 2022.
As you will see through the three sections of this review which cover ThinCats’ business activities, how we are helping mid-sized SMEs thrive and our people, it has been an incredibly busy year. Just as our borrowers have shown great resilience, so too have our staff.
