British businesses are feeling positive about their future, according to a survey from the Institute of Directors (IoD).
The IoD surveyed 34,000 businesses, questioning them on how they believe Brexit will affect their future, and found that 60 per cent of British businesses are “optimistic” or “very optimistic” about the upcoming year.
Small businesses want improved availability of technology, with 37 per cent believing that it will positively impact on growth next year, according to the annual SME Hopes and Fears Index from Barclays.
The index also revealed the other most important factors when it comes to boosting growth, with 30 per cent citing opportunities for exporting and access to international markets, 22 per cent moving their business online and having a digital presence, 22 per cent consumer demand and 21 per cent the condition of the UK’s economy.
A new study from Hitachi Capital Business Finance has revealed what SMEs are looking for from business lenders, with the majority wishing to receive more support and a genuine partnership.
The company’s British Business Barometer surveyed over 1,000 small business owners, questioning them on what they believe banks and other providers in the finance services industry should do in order to help them grow their business.
Christmas can help SMEs in the UK to make additional revenue, with 60 per cent of businesses experiencing equal or higher levels of work during the period, according to research commissioned by freelancing platform Upwork.
The research found that businesses can benefit from staying open during the Christmas season, with over 35 per cent of businesses believing that their income could increase by up to 50 per cent.
There was a decline in small business lending in one year across ten cities in the UK, according to a report from Hampshire Trust Bank.
The SME Growth Watch Report 2016 showed a 6 per cent drop of £2 billion between the fourth quarter of 2014 and the fourth quarter of 2015. However, the British Bankers’ Association (BBA) said that small business lending has picked up again in 2016.
Networking can help boost the performance of small businesses, with 50 per cent saying that it has helped them to increase profits, according to research from NatWest.
The research, which surveyed over 630 senior decision makers from small businesses, found that 70 per cent of businesses have secured new business through networking. However, 33 per cent said that they are struggling to form new connections.
A new guide has been launched to promote London as a start-up hub and encourage people to set up and grow their business in the city.
The StartUp Guide London was produced by content publishing company StartupEverywhere.com in partnership with innovation consultancy newmedia2.0 and aims to market the city internationally following the UK’s vote to leave the EU.
The UK and Poland will be working together to support entrepreneurs from both countries, Prime Minister Theresa May has announced.
Speaking after a number of meetings between British and Polish government ministers earlier this week, May said that the main focus will be on supporting small enterprises and boosting economic ties between the UK and Poland.