SMEs 'confident in regard to growth prospects', survey finds

16 Aug 2018

A survey carried out by Wesleyan Bank has suggested that UK small and medium-sized enterprises (SMEs) are confident about their future growth prospects.

The Bank polled 500 SMEs, and found that 54% are now more confident in regard to their business prospects than when compared to a year ago.

65% of SMEs reported that they are confident that they will experience growth of up to 40% over the next two years.

The survey also revealed that 11% of small firms have Brexit-related concerns, with many stating that they are worried about how Brexit will affect their business.

However, a further 50% of survey respondents said that their business strategy will not be ‘dictated by Brexit’ – a significant rise when compared to last year’s figure of 28%.

Commenting on the research, Paul Slapa, Head of Direct Sales at Wesleyan Bank, said: ‘The UK’s economic outlook is often clouded by negativity, but this research highlights that SMEs are performing strongly and have built solid foundations to prosper, both pre and post-Brexit.

‘Unless there is a material impact on their business today, there is no reason why SMEs should put on hold their investment plans to sustain and maximise growth.’


SEBA award logo Business awards logo Quickbooks logo Receipt Bank logo Xero logo Professional Services Group for Hinkley

Home | Contact us | Credit | Accessibility | Disclaimer | Privacy Policy | Insurance | Help | Site map |

© 2024 Poolbridge Accountancy Ltd. All rights reserved.

Poolbridge Accountancy Ltd, The Forge Enterprise Centre, 3 Church Road, West Huntspill, Somerset TA9 3RN

We use cookies on this website, you can find more information about cookies here.