The Confederation of British Industry (CBI) has claimed that credit conditions are beginning to stabilise for business insurance customers.
According to the group's latest Access To Finance Survey, a balance of 20 per cent of business insurance holders say the supply of credit has deteriorated over the past three months.
This compares to the 36 per cent claiming this in March and the 62 per cent in January, suggesting that companies are increasingly optimistic about the supply of credit.
Furthermore, the study found that business insurance customers predict the easing of new credit supply to continue in the next three months, with just a net of seven per cent believing it will worsen.
CBI chief economic adviser Ian McCafferty commented: '"Credit availability is still a concern, but the severity of the situation is easing compared with a few months ago."
Research from the Forum of Private Business revealed 12 per cent of small firms think bank support improved over May, which is the highest level of satisfaction seen since November 2008.
