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The UK’s small and medium-sized businesses are bracing for cost increases this year, according to new research from SME lender iwoca. iwoca’s annual SME Outlook, based on a survey of SME owners, shows that mounting business running costs tops the list of pressure points going into 2025,
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Despite rising economic concerns, 93 new businesses were created every hour across the UK in the first half of 2022, according to research by business lender iwoca.
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High Street banks have slashed financial support for SMEs in Scotland by £465 million, a decrease of 5.8% between 2014 and 2018, according to Iwoca.
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