There has been a six-month peak in the percentage of small businesses that need to secure funding or finance to move forward with their growth plans for early 2025 to 57%, up from 53% in spring 2024.
The top 10 growth initiatives small business owners would be unable to take forward in 2025 without access to funding:
Increase headcount/ hire new people – 25%
Modernise IT capability/ purchase new IT equipment – 23%
Run a marketing/ advertising campaign – 23%
Invest in new vehicles – 22%
Launch new products and services -22%
Move to a better premises – 19%
Invest in new production lines and machinery – 18%
Invest in staff training programmes – 18%
Pay suppliers on time – 17%
Launch into new market segments – 15%
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Helping businesses raise funds, is my job, it’s what I excel at.
I’ve successfully assisted over 300 clients in securing more than $20 million in funding.
Image by Malachi Witt from Pixabay
