On Thursday, the BVA BDRC published the SME Finance Monitor report for the year ending Q2 2019. The independent report analyses current trends in access to finance for SMEs and the state of the vital sector. The SME Finance Monitor surveys 4,500 businesses every quarter in the largest such survey in the UK, to analyse finance needs and growth trends.
The ambition and growth potential of these businesses is almost unrivalled, and with almost a third having grown recently support for this must be seen as a key driver for the UK economy. The significant growth seen by some SMEs seems to be driven by innovation and international scalability as well as confidence to take advantage of opportunities, which points to what the future of UK business could be; innovative, global and ambitious.