A welcome move – but ambition shouldn’t have to wait
Nick Smith, group managing director said: “The Bank of England’s decision to cut the base rate to 3.75% will offer a sigh of relief to businesses as we close the year. But does it support SMEs enough? The financial system inches forward incredibly slowly, and ambition shouldn’t have to wait for these types of announcements and businesses often want to move forward much faster. The cut is a small glimmer of hope in today’s struggling economy, but the pace of ambition we see every day far outpaces the traditional financial system.
At Reward, we unlock funding for these ambitious businesses. We make decisions quick and look at the wider business rather than on risk averse algorithms. We urge the MPC to continue this trajectory into 2026, supporting businesses who want to grow and invest.”