Scottish businesses are beating recession, survey indicates
A new report has suggested that small firms in Scotland are coping better with the recession than companies based elsewhere in the UK.
According to the BT Business Pulse survey, 56 per cent of the country’s small and medium-sized enterprises have not seen their turnover decline since the economic downturn, compared with a British average of 52 per cent.
Mick Hegarty of BT Business told the Times: ’Most firms are positive about the future and in many cases they have emerged stronger and fitter from the downturn.’
The findings reveal that nearly one in ten Scottish firms reported an increase in turnover of at least ten per cent, while the average for the UK stands at eight per cent.
Presenting data from 7,200 small and medium-sized companies, the Business Pulse report reveals that firms in Scotland, Wales and the east of England have been least affected by the recession.
In addition, 62 per cent of all firms taking part in the survey said that they expect to see a significant growth in profit within 18 months.
Related news
Wednesday 02 September 09
|
News categories
|