SME Finance Monitor

Bigger Exporting Businesses ‘Concerned’ About Future – But Small Firms Report ‘Business As Usual’

Bigger Exporting Businesses ‘Concerned’ About Future – But Small Firms Report ‘Business As Usual’

Larger exporting businesses were more concerned post-Brexit than smaller domestic firms, a report by BDRC Continental has revealed. Its SME Finance Monitor, which surveyed over 100,000 UK small businesses, found that 70% of smaller enterprises said that nether political or economic uncertainty posed any barrier in Q4 2016 – suggesting many were unhinged by the EU referendum result. The reaction among larger businesses, with between 50-249 employees, was significantly different however – with 35% worried about the economic climate and 32% worried about the political one in the same quarter. Despite shrugging off any Brexit concerns, smaller respondents were less confident of expanding their operations over the next 12 months, as just 43% said they expected to grow – compared to 49% in 2013.... »