South East Region’s SMEs predict 18% growth over next five years

Small and medium-sized business senior decision makers in the South East are confident about their five year growth prospects, according to the latest Business Growth survey from Santander Corporate & Commercial.  The research found that small and medium businesses with up to 249 employees in the South East are predicting 18%, or the equivalent of £1.5 million turnover growth, over the next five years.

The survey suggests a strong outlook for short-term growth, with more than half (51%) of SMEs in the South East reporting growing the business organically as an immediate priority. Nearly a third (31%) wish to introduce new products or research and development, which is the highest of any region in Great Britain.

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