Scotland is quickly approaching its vote on independence in September, which will decide once and for all if the country remains a part of the UK in the future. And since I recently discussed Scottish funding and the optimism shown by northern SMEs, I thought it would be relevant to post some new findings taken from Bibby Financial Services’ recent ‘SME Sentiment Scotland’ report.
‘SME Sentiment Scotland’
The report – which looks at Scotland’s small and medium sized enterprise sector – was published earlier this week via Bibby Financial Services’ Blog, and features key information about the country’s SME sector moving forward.
Bibby Financial Services’ in depth research shows the results of a survey of over 500 private sector businesses with turnover up to £25m, and employee numbers ranging from one to 250. And helps to paint a detailed picture of businesses in modern day Scotland.
Key findings from the survey show an optimistic Scotland with a thriving small business environment, undeterred by the prospect of Independence.
Over half (52%) of businesses have seen increasing sales over the past three months, with the majority (61%) expecting sales growth in the next quarter. Whilst only four per cent anticipate falling sales over the next three months.
As well as business performance and expectations, Scottish SMEs think that independence would have a negative impact on the economy, with well over a third (43%) agreeing. Only one in four (21%) say that independence will be positive for the economy, with a further 27 per cent undecided.
Download the Full Report
For more findings from the in-depth survey about Scotland’s small and medium enterprise sector, you can download the full report via Bibby Financial Services’ Blog by simply entering your name and email address.
For more information about myself, Andrew Darling, please feel free to visit my public About.me profile.
About the Author
Having worked in financial services for over 36 years, Andrew Darling is a specialist in invoice discounting, factoring and trade finance solutions. He currently manages the development of business with higher turnover companies at Bibby Financial Services, specialising in corporate finance for businesses with turnover of £5 million or more.