Centre for Economic and Business Research (Cebr)

Almost One Million Small Businesses Plan to Trade Overseas by 2025

Almost One Million Small Businesses Plan to Trade Overseas by 2025

880,000 small firms plan to expand overseas by 2025, making exporting the second biggest element to small business’ growth strategies, according to research by Everline and the Centre for Economic and Business Research (Cebr) as part of its Small Business Tracker. Despite ambitious export plans, Confederation of British Industry (CBI) data shows that small business exports are at their lowest rate since 2009 with 46% of companies having revealed that their export levels have fallen with many citing price constraints as the main cause. Hiring more staff was found to be the preferred method of growth among small businesses, with 39% small firms naming recruitment as integral to their expansion plans. Regarding exporting, responses varied according to region and industry. London-based busines... »