With significant obstacles affecting the business world, SMEs are looking to utilise the EIS scheme to continue to progress. Since its inception in 1994, the Enterprise Investment Scheme has raised over £24 billion in funds for almost 33,000 companies.
Inflation, which has recently reached a new high, continues to represent a major obstacle for small and local businesses in the UK. Despite these inflationary concerns, recent research shows that small business owners remain optimistic in terms of their ability to mitigate the negative impacts of inflation.
The global supply chain issues have affected businesses worldwide significantly. Astute business models are facing notable obstacles as unforeseen events are disturbing their supply. Therefore, it is critically important that UK SMEs take the appropriate steps to overcome the current supply chain issues in order to maintain growth this year.