While there was a material fall in available cash in the first quarter of 2026/27, the sector's aggregate liquidity position remain strong

The sector’s available cash decreased from £4.1billion in March to £3.4billion in June.  It is forecast to fall further to £3.2billion by June 2027.  During the quarter, loan drawdowns totalled £2.1billion, while debt facilities increased from £143.0billion to £144.5billion, of which £33.9billion was undrawn.  According to the RSH's latest quarterly survey, £4.3billion of new facilities were arranged in the quarter, of which £2.2billion (51%) came from banks, and £1.3billion (31%) came from the capital markets.  The remaining £0.8billion (18%), classified as “other”, resulted from intra-group lending.   99% of providers reported that they had sufficient facilities in place to cover them for at least the next twelve months.