BFS's Q3 2024 SME Confidence Tracker shows 68% of UK SMEs expect sales growth in the next six months, attributing renewed confidence to a stabilising economy.
With 87% of SMEs seeking better tax incentives and 81% desiring low-interest financing, the pressure is on the Government to create a supportive growth environment.
Derek Ryan warns that a 'painful' Budget could undermine SME confidence and investment, urging the government to prioritize SMEs in their economic plans.
Over half of SME leaders expressed a likelihood to make major investments now that the election has occurred, as 63% feel confident due to lower interest rates.
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