EY and B&C

EY launches new UK bridging market survey in collaboration with B&C

EY, in collaboration with Bridging & Commercial, has officially launched its annual UK bridging finance market survey.

It will be EY’s fourth annual survey of this kind and is designed to provide views and insights into market trends and key challenges the industry faces. 

This year, there are additional questions around how Covid-19 has impacted the bridging sector and the ways in which participants have navigated the many effects of the pandemic.

Brokers and lenders operating in the bridging finance sector that would like to participate will need to get in contact with Bronte Parkinson from EY at [email protected]

The survey, which closes on Friday 5th March, will take approximately 10-15 minutes to complete and all responses are confidential. 

The findings will be first revealed in the March/April issue of the Bridging & Commercial Magazine, which will be out mid April. You can subscribe for free to receive it.  

Those who participate will receive a copy of the report from EY once published.

Nick Parkhouse, partner and head of EY’s financial services corporate finance practice, said: “The insights gained from our annual bridging survey provide a broad understanding of the market and its current dynamics. 

Our 2020 survey had contributions from over 50 UK bridging finance lenders and brokers, with a combined bridging loan book size of £6.4bn and annual brokerage volumes in excess of £500m.  

“The data we gathered allowed us to provide an understanding of the key trends affecting the market, and we hope to build on this insight in our 2021 survey and maintain an overview of this growing and important industry.” 

He added that the Covid-19 pandemic has caused “significant short-term challenges” for many firms, including the UK bridging finance market itself.

“It will be interesting to see how individual lenders and brokers have fared as they have supported thousands of businesses through lockdowns by providing vital lines of finance at a time of significant stress for businesses.” 

Beth Fisher, editor at Medianett, commented: “Over the past 12 months, the UK bridging market has evolved dramatically after having to adapt to the frequently changing environment we find ourselves in.

“This particular industry is known to have scarce data that is fully representative, and the annual EY survey plays a big part in providing us with a better grasp of what the bridging landscape looks like.

“We are delighted to team up with EY on this and publish the findings in the creative way you expect from us at Bridging & Commercial Magazine.”

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