Smes Expanding Dispite Credit Crunch

Resilient SMEs expanding despite Credit Crunch

More than half of small–business owners have no plans to curb their growth or avoid employing new staff because of the economic downturn, according to insurance firm Hiscox. The Hiscox survey of 350 UK business owners found 52 per cent were not planning to stop their plans to expand. Hiscox UK underwriting manager, John Heaney said; “At a time when big firms are announcing profit warnings, refinancing and job losses, small–business owners are bucking the trend,” said Hiscox UK underwriting manager, John Heaney. “It’s encouraging to see businesses remain positive in the downturn.” However, Heaney also cautioned against over–optimism in a difficult market. “There are pluses – it might be a good time to negotiate on property, for exa... »

International Business Month Helps SMEs Expanding Abroad

Small-business owners who are considering expanding overseas will be able to get face-to-face advice from experts during UK Trade & Investment’s (UKTI) International Business Month in June. According to UKTI, the month will help new and inexperienced exporters through conferences, seminars, networking events and training days – many of which will be free of charge – at locations nationwide. “International Business Month provides an ideal chance for both new and experienced exporters to explore the many opportunities available in overseas markets and find out about the support on offer through UK Trade & Investment to help them succeed,” said UKTI international trade director David Coppock. “The events we have put together reflect some of the key ... »