Sense of optimism among west SMEs
More than a third of small businesses are looking to expand this year.
A survey of small and medium enterprises (SME) in the region has revealed that 35 per cent of them are feeling positive about 2013 and want to expand their operations.
The survey, conducted by Aviva, showed that 79 per cent of SMEs want to boost revenues, and 40 per cent believe now is the right time to grow.
Aviva surveyed 500 SME owners in South West in December for the survey.
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Commercial product manager at Aviva, David Bruce, said: "It's promising to see such positive attitudes for the start of the year across the SME market.
"There is a growing focus and importance on the sector in driving economic recovery and this optimism is further substantiated by the number of SMEs predicting ambitious growth plans for 2013. These are the very businesses that are vital and lie at the very heart of Britain's economic recovery."
The survey also revealed that twice as many SMEs, 65 per cent, expect average to strong sales in the first half of 2013, compared to just 32 per cent in the same period last year.
Firms with 11-25 employees are apparently most optimistic out of all SMEs with nearly three-quarters, 74 per cent, expecting average to strong sales in the first half of the year.
Mr Bruce, said all the events of 2012 such as the Olympics and the Jubilee, had created am optimistic attitude among the business community.
He said: "The Jubilympics year has certainly driven a renewed sense of optimism in the UK, and SMEs are carrying this positivity into 2013. The size and nature of small to medium-sized businesses allow owners to be more flexible and nimble in responding to market conditions and to make those business decisions that can have a great impact on success."