Optimistic SMEs predict 37% growth by 2020

Posted on 4 Sep 2015 by Jonny Williamson

Senior decision-makers from SMEs are predicting strong levels of growth over the next five years, according to latest Santander Corporate & Commercial Business Growth annual survey.

The study reveals that small and medium-sized businesses with up to 249 employees are predicting average turnover growth of 37% – the equivalent of £2.4m. Small businesses are the most optimistic, forecasting an average increase in turnover of 69%. This compares to medium-sized businesses, which are predicting an average increase in turnover of 25%. More…

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