A snapshot of the West Midlands revealed SME manufacturing companies in the region are bounding ahead of those in the rest of the country according to the Business Growth Service. The BGS Barometer surveyed 50 business leaders in the SME manufacturing sector employing around 2,000 staff.
SME Manufacturing confidence is rising!
As an Access to Finance & Growth Advisor with the Business Growth Service, I am seeing rising confidence in manufacturing and other sectors, with businesses wanting help on planning and forecasting, particularly when raising finance.
The Manufacturing Barometer indicated that 66 per cent of the companies had an upward sales trend in the last six months – 16% higher than the national average, and an improvement on the previous quarter.
Access to Finance can assist growth!
Despite the challenging environment our region is confident enough to predict future growth and taking on new staff. Not only that, but the Manufacturing Barometer clearly showed that SMEs are prepared to increase spending to boost business. Access to the right finance with a commercial, focused business plan, can fuel this process.
If you need help with planning your business growth, please call me on 07774548822