CCR Magazine

You are here  :Home arrow News arrow British SMEs planning for future growth
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
British SMEs planning for future growth PDF Print E-mail
Thursday, 05 May 2016
Small and medium-sized enterprises (SMEs) in Britain are planning to invest for future growth, according to new research from specialist lending and savings Bank, Aldermore. The new data show SMEs are proactively looking for opportunities to grow over the next five years.   

The Aldermore SME Outlook 2016 found that almost four out of every 10 (39%) businesses surveyed intend to hire more staff over the next five years to foster growth, while more than a fifth (22%) plan to invest in new assets such as machinery or vehicles to increase productivity. Furthermore, almost one in five (19%) SMEs intend to grow by joining forces with another business either through a merger or acquisition. Only 14 percent of those questioned claimed that they will not be taking positive action in order to grow their business. With 86 percent , the vast majority of British small and medium firms are in the growth business and making firm plans to achieve it.

Despite a slowing world economy and increasing uncertainty about the future path of the UK economy, partly due to the upcoming EU referendum, the results show that SMEs in Britain are confident that investing in their businesses is the best way forward to strengthen their position in the market. With a significant proportion of SMEs intending to hire new staff, prospects for the UK job market look set to remain strong.

Carl D’Ammassa, Aldermore’s Group Managing Director, Business Finance, said: “It’s clear that SMEs are being proactive and have strong plans in place to grow their business over the next five years. Not only are they intending to promote their business through increased marketing activity but they are also taking steps to launch new products and hire new staff.

“Whether this is despite of or in reaction to the upcoming uncertainty brought on by the EU referendum is difficult to gauge. However, what is clear is that, these steps will serve to increase the ability of SMEs to continue driving economic growth in their communities and throughout the wider UK economy.”
 
Enghouse Side Banner

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197