The latest Aldermore Future Attitudes report surveyed over a thousand business decision makers up and down the UK, with the result showing high optimism with regards to their funding options.
Data also shows that SMEs are more confident that their revenues will rise over the coming year. The methods of securing this growth vary with half (50%) planning to increase marketing efforts, just under two fifths (39%) looking to launch new products or services and a third (33%) wanting to enter new markets.
In total, more than two in five (42%) SME owners think they will see an increase in their revenues, compared to 39% in Q4 2016, with over one in ten (11%) of bosses expecting to see a significant increase in profits over the next twelve months.
Carl D’Ammassa, Group Managing Director, Business Finance at Aldermore, said, “It is encouraging to see that optimism amongst SME leaders is increasing, with attitudes towards business revenues staying positive for the next 12 months. SMEs make an essential contribution to the UK economy and with Brexit discussions progressing, their ability to obtain finance and help support the growth of the UK economy will be crucial.”
He added, “Planning can be a difficult task, but to ensure ongoing success, every business owner needs to have a vision for growth and an understanding of how they would like to get there.”
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