Richard Harrop
How is 2016 looking so far? Strong lending figures demonstrate a return to form for Jersey’s property market, particularly on new developments. The construction sector is busy and this is reflected in Acorn Finance’s first quarter performance which has seen significant growth over the same period last year. Underlying the figures is an optimism about investing in homes and businesses and, even though there is an element of caution remaining in the market, we are very encouraged by the trend.
Cashflow and consolidation lending increasing
Where we are also seeing an increase in activity is in cashflow lending and consolidation finance. Smart structuring of finance is providing breathing space for some, and the ability to continue with growth and business development plans for others. By restructuring existing debt to ensure maximum efficiency and room to manoeuvre, our clients are putting in place strong foundations to respond as the economy improves.
Solutions for all sectors of the economy
At Acorn, we work closely with our clients to facilitate tailored lending and structuring of finance to meet their individual needs. Our reach continues to increase as we manage solutions for businesses across all economic sectors with growth of 30% in the first quarter of 2016. Although optimism is still in its infancy, we are consistently able to find solutions for projects which don’t fit the more restrictive criteria of other lenders.