Business Daily Africa’s Post

Digital connectivity, SMEs and the Autumn Budget 💷📲 Since Labour came into power in July, it’s been made increasingly obvious that investment into digital infrastructure is high on the party’s priority list. This is something that bOnline strongly welcomes. We've put together an article that takes a look: https://lnkd.in/ejQifueV

📊 SME growth on hold as businesses await the Budget Our latest research shows that around three quarters (74%) of UK SMEs say the upcoming Budget will impact their future growth. SMEs are calling for help with energy costs (33%), reducing red tape (28%), and more incentives for innovation (27%) to unlock growth. The optimism and enthusiasm for growth among SMEs across the UK remains clear. But with 16% having paused or reduced investment in innovation, creating an environment that encourages investment is fundamental to converting this into reality. Mike Randall, CEO of Simply Asset Finance, says: “By providing targeted support around high energy costs, reducing red tape, and offering tax incentives for innovation, the government can empower SMEs to innovate, grow, and compete locally, nationally, and even globally.” Read more in City AM: https://lnkd.in/eFW63uvY #SMEs #AutumnStatement #FinanceSolutions #SimplyAssetFinance

Our latest SME Confidence Tracker survey reveals some alarming statistics: just over one in three SMEs are barely breaking even, and the cost of doing business is dampening their prospects. “While there are encouraging signs of recovery, the fragile state of many small businesses underscores the urgent need for targeted investment from the Irish government. Without adequate support, the potential for widespread business closures could spell disaster for the broader economy." says Managing Director, Mark O'Rourke. Read more about the challenges facing Irish SMEs in this article: https://lnkd.in/euZ7Ks6P #IrishBusiness #SmallBusiness #GovernmentSupport #BusinessOptimism #SMEConfidenceTracker #SMEfinance

Bulgarian Businesses Gain Competitive Edge with Financh’s Company Profiles and Financial Reports: At Financh, our mission is to provide Bulgarian businesses with accurate data and actionable insights. Whether it’s analyzing funding activity reports in Bulgaria, understanding investor profiles in Bulgaria, or exploring industry insights in Bulgaria, Financh ensures businesses have the resources … Continue reading → #Business #Europe #FinancialMarket #UK #US

🌟 **Big News for Small Businesses!** 🌟 The UK government has pledged to step in and tackle one of the biggest headaches for small businesses: **late payments from large companies**. This move could be a game changer, helping small firms get paid on time and improving cash flow across the board. 👏 Link to full article 🔗https://lnkd.in/eEj4MHvH **But did you know**… Every quarter, a staggering **52% of small firms** in the UK struggle with late payments? That’s around **2.6 million small businesses** facing this issue, and it’s been called one of the biggest challenges for SMEs by the Federation of Small Businesses. 💬 **What do you think?** Could this finally be the lifeline small businesses need? Let us know your thoughts in the comments! #SmallBizSupport #LatePayments #businessnews

Nearly a third (32%) of Canadian #smallbusinesses expect their capital investments to decrease over the next two years, finds a new report from the Canadian Federation of Independent Business (#CFIB). Additionally, only two in five are making investments to improve their productivity. Read More: https://hubs.li/Q032srsf0

🚨 Financial Strain for Aussie Businesses🚨 22% of Australian businesses have zero cash reserves, and 31% are dipping into personal savings to stay afloat. Economic pressures are forcing many to cut personal income and hike prices, yet these resilient business leaders are turning to technology to manage costs and stay competitive. What better time to contact Zembl to reduce those energy bills? 📧 aaronburns@zembl.com.au 🌐 zembl.com.au

The article outlines five critical priorities for the UK government to support SMEs better: improving access to finance, enhancing digital infrastructure, reducing regulatory burdens, fostering innovation, and expanding international trade opportunities. These actions are essential in empowering SMEs, the backbone of the economy, to thrive in a competitive and rapidly evolving market. The government can help SMEs overcome challenges, drive economic growth, and create more resilient and sustainable businesses by addressing these key areas.

Our latest SME Confidence Tracker survey does reveal some concerning statistics. One in three SMEs are just about breaking even in the current economic landscape. A significant number of SMEs being rejected for external finance in the past 12 months. “While there are encouraging signs of recovery, the fragile state of many small businesses underscores the urgent need for targeted investment from the Irish government. Without adequate support, the potential for widespread business closures could spell disaster for the broader economy." says Managing Director, Mark O'Rourke We at Bibby recommend that SMEs consider more sustainable and long-term financing solutions such as invoice finance, a facility that offers businesses access to money outstanding from their unpaid invoices. Read more about the SME Confidence Tracker findings in the article below.  https://lnkd.in/euY889YE