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Positive news for UK’s small businesses

Positive news for UK’s small businesses

A recent report produced by the CBI, the SME Trends Survey, suggests that prospects for the UK’s small and medium businesses have improved.

According to the North-West’s industry news source, TheBusinessDesk, the report shows that there has been a slowdown in the rate of decline of orders, and many are predicting a return to growth in Q3.

51% of the 480 SMEs surveyed said that the volume of new orders fell in Q2, while 17% reported a rise. This may not appear much of an improvement on the surface, but in comparison with the previous report, this difference of -34% is better than that seen in Q1 – which was reportedly the worst result since the survey began back in 1988.

A slower rate of decline was also witnessed in the volume of manufacturing output, with a difference of -28% in Q2 compared with -48% in Q1.

In an interview with TheBusinessDesk, Russel Griggs, chairman of the CBI’s SME Council, said:

“Business conditions remain difficult for the UK’s small and medium-sized manufacturers. Orders and output are still falling, but things aren’t quite as gloomy as they were three months ago.”

If you’re a small business seeking office space in the UK, contact one of our team at for free expert advice. Serviced offices allow businesses to take anything from one desk upwards, on flexible terms starting with rental agreements of just a few months. Find out more about serviced offices at, or speak to one of our team direct for guidance – completely free and without obligation.

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Author: | August 3, 2009 | 0 Comments

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