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The year ahead: a view from Britain's small businesses

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Keywords
  • Hf Commerce
Disciplines
  • Economics
  • Political Science

Abstract

The year ahead: a view from Britain’s small businesses Barclays-kingston.indd 1 24/11/2010 10:07 Contents Foreword 3 Authors 4 1. Executive summary 5 2. Introduction 7 3. Ambition and an optimistic outlook 8 4. Investing in future growth? 13 5. Identifying opportunities for employment in 2011 17 6. Measuring up: Will SMEs meet the expectations of government in 2011? 20 7. Appendix 23 List of Figures Figure 1: Ambitions for SMEs in 2010 and 2011 8 Figure 2: Expected sales performance in 2011 8 Figure 3: Markets of SMEs 10 Figure 4: Geographical sales 2010 10 Figure 5: Expectations of profits in 2011 11 Figure 6: Barriers to recovery 12 Figure 7: Strategies for 2011 13 Figure 8: SME investments 14 Figure 9: Full-time employment change by turnover size 17 Figure 10:Employment of graduates and anticipated recruitment 2011 17 Figure 11: Employment change by region 18 Figure 12: Employment change by sector 19 Figure 13: SME intentions for 2011 20 Figure 14: Investment outlook for innovation in 2011 22 Front cover images: Finalists in Barclays Business’ Take One Small Step Competition 2010 Barclays-kingston.indd 2 24/11/2010 10:07 3 Steve Cooper Managing Director Barclays Business It’s an article of faith that we are relying on our small and medium enterprises (SMEs) to drive the economic recovery. These four million businesses are the single biggest employer in the UK, and throughout the downturn have proven profoundly resilient. The number of start-up businesses has remained stable, even grown at times over recent months. In order to succeed they’ve made tough decisions in terms of budgets, savings and expenditure, but they’ve continued to trade, even thrive in tough conditions. Key to this has been an ever present critical review of why people will buy their product or service relative to others and how they can continue to produce their product or service in a commercially viable way.

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