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As credit availability rises to a near seven-year high while the cost of credit falls towards an eight-year low, the UK banking market is “buoyant”, according to the company's latest analysis.

Window of opportunity Citing the current UK economic situation as a "window of opportunity” for small business, the firm says that there are plenty of opportunities for companies to seek out and find competitive funding packages to back up growth plans.

Deloitte director of commercial refinancing, Ravi Sharma, said: “The market has been spurred on by the European Central Bank injecting unprecedented levels of liquidity in the form of quantitative easing.