UK’s SMEs to push for growth as business optimism reaches record high

British small and medium enterprises are the most confident in Europe and plan to invest and push for growth, results published in the latest European SME Capex Barometer have revealed.

The European SME Capex Barometer commissioned by GE Capital involves 2,250 small and medium-sized firms across seven European markets, namely the UK, France, Germany, Italy, Hungary, Poland and the Czech Republic. Survey data suggests that firms in the UK were planning to increase their capital expenditure by 12% in the next year to a total estimated £58.6bn – an average of £58.2k per business.

Additionally, British SMEs plan to invest heavily in staff over the next 12 months, with an estimated 660,000 new hires planned, a 26% rise on last year.

Results from the survey also point out that two-thirds (63%) of small and medium businesses based in the United Kingdom are very confident about the future, while just around 9% have a negative prospect. In addition, concern over the economy seems to be on the decline, with 23% of firms surveyed saying that they saw economic certainty as an obstacle to investment, compared to 40% in 2013.

Confident SMEs planning to invest in their future development should review the opportunity of implementing a workforce management solution designed specifically to help them grow in a very solid, sustainable manner. This is specifically where Tensor’s market leading experience in the field can be put to very good use.

WinTA.NET is a web enabled, mobile / wireless technology based Time & Attendance system designed for those companies employing 20 people to 10,000+. The solution provides total control over the creation of working rules, Access Control, Job Costing and System Security and has specifically been designed for multiple companies, each managing multiple sites.

A complete smart card time and attendance system including European Working Time Regulations checking and reporting, ensuring that your company remains compliant with both regional and national legislation.

If you’d like to find out more about the extensive range of features provided by the Tensor WinTA.NET solution and just how it can save you much more time and money, just contact our dedicated team or Book a Demo, we’ll be more than happy to answer any questions and queries you might have.