We have recently been informed that we are in a double dip recession. If we would like this to change then we need to find a solution and a way out of the slump the economy has been in for the last few years.
The governments priority is about reducing debt, so can’t afford to invest in public infrastructure, thus growth is stagnant. The same worry about debt has had an impact on consumer spending.
Outside of the public sector, 97% of all UK workers are employed by small businesses; however, they are currently being very cautious, not taking risks or moving forward with growth and development. We therefore require these companies to keep people in jobs and boost the economy
Part of the worry for small businesses is funding. Banks are not as prepared to lend as they used to be. You have always needed to be in a very strong position to get a bank interested and now this has become even more difficult.
If your company is struggling financially and could do with a cash injection, call Beer & Young today and discuss business angel investments.
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