Expanding SMEs to create 660k jobs/contracts in 2014.

UK SME’s display greater confidence of 2014 expansion in headcount and capital expenditure (Capex) than any of our EU neighbours, as shown by a survey 2250 SME’s across the EU. GE Capita’s latest Capex barometer  for period Q1 2014 showed that UK SME’s are less concerned about the economy than their EU counterparts, and plan to create 660k jobs/contacts in 2014.
This represents a 26% increase in the jobs forecasted last year with Capex investment also forecast to increase to £58.2k per company, which represents an increase of 12%.
There is also a large increase in optimism about the future this year compared to last year, with 63% versus 52% being optimistic and a change from 19% to 9% of those who are pessimistic. Investment uncertainty has also reduced from 40% down to 23%.
UK SMEs have reached a pivotal moment and display a willingness to invest in their business and new staff recruitment, this underpins the sense of recovery of the UK economy and points to future growth.

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