The pandemic caused small businesses to re-evaluate their strategies and many businesses realigned their regional and global markets. 77% of SMEs are now planning to take greater advantage of international trade going forward, whilst 64% believe the pandemic has changed how they will conduct business forever.
Research from Aldermore shows that 53% of small businesses made an investment in sustainability within the past 12 months, with the average spend being £61,250. SMEs are leading the way in sustainable practices, with 55% of them providing initiatives to reduce the emissions of commuting and business trips - compared to less than one-quarter of big businesses who have done the same.
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International trade is key to growth of SMEs
Small businesses lead the way with investment in sustainability