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SMEs optimistic about growth


SMEs throughout the UK are optimistic about their growth potential for the next 12 months, according to recent SAP research.

The Thinking Bigger Report, carried out by the business management software company, found that 96% of those questioned cited growth as their number one goal for the next year, with 81% of those confident that they will achieve it.

The report goes on to say that 30% of SMEs are also looking to grow at a faster rate than their competition, with two thirds expecting to grow in line.

John Antunes, director of SME and channels at SAP UKI, said: “Maintaining a positive outlook is key for SMEs to ensure they continue on their growth course despite a volatile economy, which has now become the new norm.

“In recessionary times, some observers would assume that UK SMEs are happy to batten down the hatches or consolidate their current market position. This report shows the contrary. There is actually significant appetite among the UK’s small businesses to be ambitious and grow.”