Small firms confident amidst economic revival

Invoice finance can work well in increasing the amount of funding available to growing SMEs

UK small-to-medium-sized enterprises (SMEs) are increasingly gaining in confidence according to a new report by Regus.

The global workspace provider’s six-monthly Business Confidence Index, which takes into account the views of 1900 SME owners, indicated that almost 10% more firms have reported increasing profits in the six months up to October.

When questioned about the state of the economy, a fifth predicted it would improve markedly by the end of 2013.

On the whole, the UK has seen the greatest improvement in business confidence across the world’s major economies. But businesses plan to ensure their own growth is sustainable by continuing to make efficiency savings.

"This report is highly encouraging and confirms that UK business is returning to health," John Spencer, UK CEO at Regus commented.

"It is especially good news for the economy that greater numbers of small firms are achieving growth. But they evidently still view recovery as tentative, and are focused on creating efficiencies to keep growth on track,” he concluded.

SBF Sales & Marketing Director, Andy Grantham, said: “SMEs can often benefit from cashflow assistance during economic revivals, to ensure growth remains sustainable and the money is there to fund an increasingly prosperous order book”.

Invoice finance can prove a good option for growing businesses, as it increases the amount of credit available to the business owner in line with their growth”, he concluded.

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