Rise in business confidence leads to fresh investment plans for SMEs
Small and medium-sized enterprises (SMEs) in the South East have serious plans to invest in growth over the next year, a brand-new market research study carried out by the Clydesdale Bank has revealed.
The survey revealed that 4.5m SMEs in the region (97 per cent) have plans to invest in 2014 growth, most of the companies citing the need to keep pace with demand as the main reason behind their business decision.
Andrew Merrifield, Clydesdale Bank’s regional director for the south of England, said: “These are encouraging results and echo recent official growth figures. They suggest many SMEs in the south of England are at the point where they feel more certain about investing in their businesses.
“It’s important that we recognize and understand that there are still barriers to growth for some businesses. Access to funding has changed across the market place, but it is available to well-managed businesses with strong plans for growth.”
SMEs who plan to invest in their future development should also seriously consider the implementation of a solid and reliable workforce management solution, and this is specifically where Tensor could put its extensive experience in the field to very good use.
The Tensor WinTA.NET Time and Attendance solution will make staff management a much easier and more streamlined process. The platform supplies and extensive level of functionality, from simple clocking when arriving on site to complex operations, such as specific job costings and export to payroll features.