Heads of UK focused investment associations have reacted negatively to the outcome of the vote yesterday evening in London, which saw the UK Parliament again reject the agreement drawn up between the UK government and Brussels, thus sparking further votes today - 13 March, on whether to reject 'no deal' - and possibly tomorrow, which could result in further delay to the Brexit process.
Mark Browridge, director general of the Enterprise Investment Scheme Association, dummed up yesterday's outcome succinctly: "It's madness."
"What SMEs want is certainty. Uncertainty breeds fear and that's what we will see more of with the agreement not passing the commons. How can any business plan with political backdrop we are currently experiencing? We will now almost certainly see a slowdown in the economy that could have been easily avoided."
"If the markets and the economy know what the issues are, they react and solutions are put in place to counter them but with the current Brexit calamity all bets are off. We are entering uncharted waters and anyone who tells you they know how this will play it is lying."
"Small businesses have a fantastic opportunity to take advantage of the changes that Brexit will bring, due to the fact that they are small, nimble and highly adaptable."
Jenny Tooth, CEO of the UK Business Angels Association, said: "After two years of negotiations regional businesses were hoping for a deal to finally be reached so that they can begin to plan for life post-EU."
"Funding for SMEs in the regions has been somewhat forgotten about recently. The potential loss of investment from the continent including the European Regional Development Fund, Horizon 2020 and the Jeremie fund could create a huge investment gap in UK. This is concerning not only for the loss of EU money, but the risk that Government support for finance to replace this EU funding may take time to have an impact on the ground. This will subsequently impact regional SMEs more than larger businesses that can take the hit, or areas such as London or the Golden Triangle which receive the majority of domestic investment."