How UK small businesses will strive and prosper in the new year
As well as coping with a global pandemic in 2020, UK businesses have had to grapple with the likelihood of a no-deal Brexit, and the impact that this will have on our nation’s trade. However, with a new year on the horizon, could 2021 be a boom year for the UK’s small businesses?
UK small businesses are more than capable of adapting and thriving post-Brexit, and will be able to handle exiting the EU without a deal. With the markets becoming more competitive, this is sure to attract investment into small businesses who are looking to capitalise on the situation, which will fuel future growth.
Private investment is a vital catalyst for wider economic growth, with the UK’s high net worth community providing essential early indicators for the direction of wealth, at a time where the distribution of capital is key. With a 12% increase in new businesses starting up during 2020 compared to 2019, the new year is set to create some exciting investment opportunities for investors throughout the country, and some that are sure to boost the wider British economy.
Despite the current climate, UK SMEs have shown resilience and have adapted quickly to the pandemic and the changes it has ushered in. Each period of disruption offers opportunity for companies to adapt quickly to the changing times, and a no-deal Brexit will be no different.
Working with both entrepreneurs and investors, there is a clear desire from the small business community for growth investment and to take a big step growth-wise in 2021. Small businesses grow by hiring, and this sector will be key not only to growing the economy but also combating unemployment.
Additionally, the number of online job advertisements has reached 1.4million for the first time this year, further highlighting business growth across the country which is sure to extend into the new year. Each problem or crisis will have winners and losers, but those that are adaptable and ready to take advantage of the situation could see a big increase for business in 2021.
To find out how IW Capital could maximise your investment opportunities, please contact the team today on 020 7015 2250, or email info@iwcapital.co.uk.