We have sadly said goodbye to Summer and it feels as though we are well into September already. Never the less, it has been a positive week for SMEs with optimistic predictions and Small Business Advice Week taking place. Please see below a roundup of this week’s news:
- This week Santander released its latest Corporate & Commercial Business Growth annual survey which revealed promising results, predicting that SMEs will see a 37% growth in turn over throughout the next five years which equites to a cool £2.4million. The survey also found that SME business owners are feeling confident enough to focus on organic growth of their business.
- The UK has seen a rise in net lending to SMEs by banks and building societies with spending from April to June this year having risen by £490m for SMEs participating in the Bank of England’s Funding for Lending scheme (FLS). This increase in lending highlights the encouraging SME economy and potential that we are seeing for SMEs to develop and drive the UK economy forward.
- And finally, Small Business Advice Week took place and saw a number of events held, offering advice on a range of issues for SMEs from how technology can help SMEs streamline and manage their cash-flow, to how to prepare for events such as Black Friday.
Let us know your thoughts on this week’s stories. Are you feeling optimistic about your business and where you are headed? Were you aware of the Bank of England’s Funding for Lending scheme? Did you go to one of the events at Small Business Advice Week? Contact us by commenting below or tweeting @Fujitsu_UK or @FujitsuSMELady.