'The government must put in place a robust plan to help support SMEs'

Douglas Grant, group CEO at Manx Financial Group PLC:

“Having narrowly avoided a recession, the UK economy could be showing signs of light at the end of the tunnel.

"But SMEs must review their existing lending structures and ensure they are prepared for further challenges.
  
“While many were proactive by locking their debt into fixed rate structures, it is too late for other businesses that were not as forward-thinking.

"The government must put in place a robust plan to help support SMEs, which are the backbone of the UK economy."