"Amid a combination of stubborn inflation, energy prices and tariffs friction, the cost-of-doing-business remains a real concern for SMEs across the country. This agreement provides BFS with significant capacity to help UK businesses access the cashflow they need to overcome these challenges, enabling them to grow and thrive."
UK businesses have witnessed a fundamental shift as digital strategies evolve; cohesive approaches integrating web design, SEO, and video production crucially support sustainable growth in today's competitive landscape.
More than one in four (26%) business leaders think it will take them two years or more to recover from the economic and political hurdles of the past five years.
Latvia's highly skilled workforce, with 86% holding secondary or higher education, enhances its appeal. Multilingualism (96% speaking two languages) supports adaptability in international businesses.
"The forecasted increase in energy prices from 1st October will be worrying for consumers up and down the country, but business owners will share the same concerns. Companies nationwide will need to brace themselves for a winter squeeze on finances and keep a close eye on their overheads."