SME concerns

SMEs concerned about rising costs and net zero expenses

Research from Simply Asset Finance highlights the key pressures SMEs are looking to resolve as they plan for 2024. Rising operational and supply chain costs, as well as concerns about the financial impact of Net Zero, are top concerns for small firms. Nearly half of SMEs admit they do not know where to find support. Despite these challenges, UK SMEs remain optimistic about the future success of their businesses. Simply Asset Finance CEO, Mike Randall, urges action to keep UK businesses on the right track and ensure they are in a position to seize growth opportunities. Restructuring debt could provide much-needed breathing room for SMEs and allow them to invest in growth. Experienced and innovative finance providers can play a crucial role in understanding the unique needs of SMEs and providing on-the-ground support.