SMEs Demand More Government Support as Pressures Mount

SMEs demand more government support as pressures mount

Ahead of the government’s small business review expected this summer, new research reveals that nearly three in five SMEs (58%) feel their concerns are overlooked by politicians, despite the recent manifesto pledge to support small business owners. The research from not-for-profit, Virgin StartUp, reveals that many founders are calling on Westminster to take further action including on a clear long term strategy for SMEs (66%), increased support…

What do founders really think of Labour?

The mood among Britain’s founder community has shifted, with 84 per cent now saying they don’t believe the Labour government understand their needs as entrepreneurs, says Eamonn Ives Last week, the government announced that serial entrepreneur Alex Depledge would be joining the Treasury as Britain’s first-ever entrepreneurship adviser. New polling from The Entrepreneurs Network suggests that this appointment couldn’t come soon enough. Fully 84 p…

Three in five small firms 'feel ignored by government' as businesses fight on

The cost-of-living crisis is the top challenge facing small and medium-sized enterprises, according to a new survey, as increasing numbers of firms warn they are fighting for survival

As insolvencies rise, SMEs are hoping for consumers to spend not save

Insolvencies in Australia have been on the rise, especially among the SME sector, with customers’ cautious spending and cash flow issues listed as the main challenges. Data from Equifax shows that insolvencies have increased 23 per cent so far this year and are on track to double the historical average. The small business sector – those with fewer than 20 staff – make up more than three-quarters of businesses going insolvent from 2021 to 2024. A…

Banks Reject Small Business Credit Applications Five Times More Than Enterprise Clients, New Study Finds

Half of financial institutions reject micro-business loan applications due to unverifiable legitimacy. Among those with access to third-party data, confidence in credit decisions — and lender profitability — rises sharply. So why do many lenders still rely on incomplete, outdated records that stall approvals and raise risk? [contact-form-7] Smaller firms aren’t necessarily riskier — they’re just harder to score. And without trusted data…