Businesses invest in growth
May 05 2010
SMEs say they are ready to re-invest in their businesses
SMEs are set to start pumping money back into their businesses this year.
Some 64 per cent of SMEs say they intend to spend more on staff, training and technology, while only 38 per cent were able to invest in any of these areas last year, according to research from technology company Rise.
However, there is little increase in optimism, with 47 per cent reporting that their confidence levels are the same as last year and 26 per cent less confident.
Steve Holford, marketing director of Rise, says: ‘[This] paint a picture of a small business community in flux. Clearly many are finding the road from recession an uphill struggle. But amid the concern and confusion are some reasons to be optimistic.’
Of the l00 SMEs surveyed, 39 per cent said that a change of government would not make a difference to their business, with 34 per cent believing that a Conservative government would make a positive impact.
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