Tech innovation

Small Businesses Forecasting Productivity Gains

Improvements in the market, technology, management and skill levels cited as main reasons for small and mid-sized business optimism New research has revealed the majority of small firms (63%) predict productivity gains in the next 12 to 24 months. Businesses predicted an average increased productivity of 9%, with market conditions cited as the main reason (42%), followed by improved technology (13%), management (13%) and skills (11%). The report, by venture capitalinvestor Albion Ventures, also revealed what industries and regions are most confident in their ability to increase productivity over the next year or two. Manufacturing firms are most assured (74%), whereas firms in the hospitality industry are the least confident at 41%. In regard to regions, businesses in the North West are th... »