New research released by the BDRC Continental has revealed that only 21% of SMEs see the economy as a major obstacle to the growth of their business, compared to 37% in Q1 2012.
The SME Finance Monitor also revealed that almost half of UK SMEs predict they will expand over the next year.
Shiona Davies, Director at BDRC Continental, said: “SMEs ended 2013 feeling more positive about the economy. However, there are few signs of this leading to an increased demand for external finance.”
“There is little in the way of frustrated demand, as eight out of ten SMEs are ‘happy non-seekers’ of finance.”
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