Research suggests 'less than a quarter' of UK SMEs plan to expand overseas - Article Kelso : Rennie Welch

Research suggests 'less than a quarter' of UK SMEs plan to expand overseas

26 Apr 2019

Research carried out by DocuSign has found that just 22% of small and medium-sized enterprises (SMEs) plan to expand their business beyond the UK.

SMEs stated that the most significant barriers to growth include a lack of available finance, a lack of inexperience and large amounts of red tape.

The survey of 1,000 small business owners also suggested that a 'perceived deficiency' in skills is 'holding them back'. The skills owners most regret not having are accounting and finance skills (22%) and IT and digital skills (19%).

Furthermore, the research revealed that confidence levels amongst SMEs have 'plummeted' as a result of trade uncertainty facing the UK.

'Growing a business across borders is challenging, particularly in times of macro-economic uncertainty,' said Ronan Copeland, Vice President of Commercial Sales at DocuSign.

'As such, it is perhaps unsurprising that many small and medium-sized businesses (SMBs) are focusing their efforts on the UK. Confidence plays a big part, and this is borne out by the results of our latest survey.'

Thank you for reading this article. To receive more similar information, guidance on other areas of interest, or to arrange a follow up, please record your details here.

Quick Links
Home | Accessibility | Disclaimer | Help | Site map |

© 2019 Rennie Welch. All rights reserved.

Kelso Office
Academy House,
Shedden Park Road,
Kelso,
Roxburghshire,
TD5 7AL

Berwick Office
Halidon House,
17D Windmill Way West,
Ramparts Business Park,
Berwick-upon-Tweed
TD15 1BN

Melrose Office
West End House,
High Street,
Melrose,
TD6 9RU


We use cookies on this website, you can find more information about cookies here.