ICAEW.com works better with JavaScript enabled.
Exclusive content
Access to our exclusive resources is for specific groups of students, users and subscribers.
Debt for deals outlines the main features of the UK’s debt market, explores how it has developed since the start of the financial crisis in 2008 and offers guidance to corporate finance advisers and company executives on how to access the right debt finance for deals.

Find out more about the debt finance market and how to access debt finance for deals

  • Discover the main features of the UK's debt market
  • Learn how to access the right kind of debt finance for deals and help a business grow
  • Gain a greater understanding of how to raise debt to fund deals

What's in the report?

This guideline describes the debt market in the UK and highlights significant changes since the global financial crisis of 2008-2012. It also sets out the principal flows involved in the application and lending decision process.

Debt for deals: key takeaways

Debt is a fundamental element of most corporate finance transactions and a lynchpin for economic growth

Lending provides funding for investment in business expansion and innovation, which indirectly leads to employment creation and therefore increased demand. It is a vital part of the financing landscape that, in response to regulatory change and market forces, has developed considerably over the past ten years in the UK and other G7 economies.

New entrants have led to change

New entrants in the banking market and the private debt space along with the development of new technologies that enable smaller players to lend to business, including peer-to-peer lenders, have led to a dynamic market. This change has led to a more fragmented landscape than was the case before 2008, offering borrowers a greater variety, if not greater number, of lending options.

Advisers and businesses should consider many areas to realise greater potential through debt finance

This guideline aims to help advisers and businesses tap into the market, by exploring how these changes affect the availability of debt and the terms on which borrowers can access it, while also outlining many of the areas that borrowers should consider when looking at raising debt to fund their deals. With greater understanding comes the ability to realise greater potential through debt finance.

The UK has highly skilled and expert debt advisers

The UK's highly skilled corporate finance and debt advisory community, from those in the large professional services firms through to smaller, independent firms, are well equipped to assist and guide ambitious companies through the process of raising debt. Legal advisers also play a highly important role in ensuring the terms agreed with lenders are appropriate for a company’s needs, both now and in the future.

Become a member now

Join the largest network of professionals involved in corporate finance and access a range of authoritative best-practice and technical guidelines.
Find out more
Image of people in an office meeting
Download the report

Download