SME Confidence Tracker

3 In A Row: Small Business Confidence Up For Third Successive Quarter

3 In A Row: Small Business Confidence Up For Third Successive Quarter

UK small businesses confidence has increased for a third consecutive quarter, according to a report by Capital Economics. The SME Growth Tracker of 2017 has revealed that, on average, small and medium sized enterprises are predicting a 2.3% increase in revenue for the coming 12 months. When broken down by region, firms in the North East are the most optimistic in the country, with a SME Confidence Index score of +11 – far acceding the national average. In contrast, business owners in Wales are more pessimistic about the future, with their SME Confidence Index score of -2 suggesting they believe they’ll suffer a dip in performance over the next 12 months. Despite the general optimism, it appears that businesses are worried about the potential of rising inflation and increased supply costs, ... »

Small Businesses Ready to Take On The World, As Export Activity Doubles

Small Businesses Ready to Take On The World, As Export Activity Doubles

The number of UK small businesses investing in exporting has almost doubled in the past year, suggesting many remain unfazed by Brexit – according to a report by Bibby Financial Services (BFS). The SME Confidence Tracker, which tracks the sales performance, investment intentions and confidence of small enterprises, revealed that 15% of respondents invested in export activity in Q3 2016, compared to just 8% in Q3 2015. 22% manufacturers said they have also invested in overseas trade over the past three months, up from just 15% in Q2 2016, suggesting smaller businesses are on the hunt for growth beyond the domestic market. On the topic of the UK’s decision to leave the European Union, 37% of those surveyed said June’s historic referendum decision has not impacted their business in anyw... »