Language/Country
Blog

July 26 ,2018 | by LSBF Blog Staff

UK SMEs feeling positive about post-Brexit future, survey shows

UK SMEs feeling positive about post-Brexit future

Research from OCO Global found that SMEs are feeling optimistic about their future, with more than 30% believing that the UK’s exit from the EU will have a positive impact on their business.

The business management consultant’s SME Brexit Survey showed that businesses in London are feeling the most optimistic, with 50% believing that Brexit will have a positive impact, a higher percentage than in many other regions in the UK.

Positive impact

The survey showed that 32% of businesses have already felt some positive impact since the vote for the UK to leave the EU, with positivity being highest amongst SMEs that are exporting. More than 40% of SMEs that are exporting have reported a positive impact, while an additional 40% expect this to continue after Brexit.

Respondents also reported an improvement in their business since the EU Referendum, with 37% saying that they have gained new customers and contracts and 36% saying that they have managed to boost their sales with their existing customers.

Positive outlook

The study also identified which sectors have a positive outlook about the future, with more than 50% of businesses operating in the Business Services sector expressing optimism, which is higher than in the IT, Manufacturing, and Retail or Wholesale sectors, where optimism stood at 43%, 34% and 18% respectively.

Optimism levels were also found to vary depending on the size of businesses, with 46% of small businesses feeling positive about their future compared to 30% of larger companies.

LSBF Blog Staff

The official profile of the World's Business School. Follow us on Twitter at @LSBF

Share on Facebook Share on LinkedIn
There are no comments posted yet. Be the first one!
Please write your comment, minimum length 50 characters
Please insert your name
Please insert a correct email address
We couldn't process your comment, please try again later