A landmark study from IW Capital has found that 47% of Brits expect the small business sector to experience rapid growth in 2022. Individuals are turning to small businesses post-pandemic because of the resilience and adaptability they have shown over the past few years.
Brits are taking a different view on their investing habits with people planning to invest in passive income sources this year. What's more, they are actively looking for new investment opportunities outside of stocks and shares to achieve their financial goals - this is where small business investing is becoming an increasingly attractive investment opportunity for Brits.
One of the most impressive facets to the UK's private sector is its dynamic small business landscape. SMEs throughout the UK saw impressive growth throughout 2021 and have continued this momentum into 2022.
Following the announcement from Rishi Sunak at the Spring Statement, the Employment Allowance has increased from £4,000 to £5,000, meaning that smaller businesses will be able to claim up to £5,000 off their employer National Insurance Contributions (NICs) bills.
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Nearly half of Brits expect the small business sector to experience rapid growth in 2022
Brits turn to small business investing
SME workers hold ambitions to start their own small business
Small businesses to benefit from increase in employment allowance