sme's target expansion

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More SMEs target overseas expansionResearch by lender Hitachi Capital Business Finance shows that 43% of SMEs are looking to expand internationally, with this marking an increase on the 41% who had overseas growth ambitions before the coronavirus pandemic. Of those looking to expand overseas, 54% said the EU was the target destination, while 46% said North America was a possibility and 23% were considering expanding into Australia. The poll also shows that the proportion looking to expand in the domestic market is down four points to 77%. Joanna Morris, head of insight at Hitachi Capital, said the easing of travel restrictions has seen small businesses start to look for growth opportunities.

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