London SME's optimistic

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London SMEs most optimistic on growthA poll from Hitachi Capital Business Finance shows that almost a third of SMEs that rely on the European market fear they will either shrink or have to close, while 28% that rely on the domestic market predict either contraction or collapse over the next three months. This compares to 22% who believe they will grow. SMEs in London were the most optimistic about their growth prospects, with 34% predicting expansion, just ahead of the 33% recorded in the North-East. Scottish SMEs were the least optimistic, with just 17% expecting growth. Small firms in Wales were almost as pessimistic, with 18% foreseeing growth.

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