Rain

Rain

max temp: 7°C

min temp: 6°C

Search

East Anglia: Four out of five SMEs are planning for growth during 2014, says HSBC Ambitions Businesses report

PUBLISHED: 06:00 09 July 2014

HSBC has published its latest Ambitious Businesses report.

HSBC has published its latest Ambitious Businesses report.

Four out of five small and medium-sized enterprises (SMEs) in the East of England are actively planning for growth this year, according to a new report from HSBC Commercial Bank.

More than half of the SMEs surveyed in the region said competition has increased and more than two out of five firms said that if they did not continue, or start, to invest in growth in the second half of 2014 they risked falling behind the market.

Ian Tandy, regional commercial director for HSBC South and East, said: “We’re continuing to see an increase in lending which reflects the fact that over 80% per cent of SMEs in the region are planning for growth.”

In a continuing sign of caution, however, nearly half of the region’s SMEs still believe it is too risky to commit to significant investment just yet.

But HSBC Commercial Bank’s Ambitious Businesses report warns businesses not planning for growth or making any significant growth investment this year that now is not the time to sit still.

Amanda Murphy, head of business banking for HSBC, said: “There is still a sizeable minority of businesses that are understandably cautious about the recovery and reluctant to make significant investments now.

“These firms risk falling behind their more ambitious peers, and we want to do all we can to help and support them in finding the right solution for their businesses.”

Striking new images are being unveiled of a major development proposed for the heart of Ipswich which could see restaurants, a hotel and a tower block built opposite Cardinal Park.

Firefighters have attended a “rescue” in Ipswich.

Firefighters have been called to a blaze in a residential street in Ipswich.

The University of Essex is among more than 60 institutions set for strike action next month over pensions – however staff at the University of Suffolk are not expected to take part.

The care received by patients was assessed by an independent panel

A reality TV star was caught reading about horses while driving along a Suffolk road.

A Suffolk war hero who survived eight bomb blasts has told this newspaper a new political party launching nationwide next month aims repair the country’s public services – and give disillusioned voters a voice.

A former Ipswich man who raped and sexually assaulted a schoolgirl has been jailed for 12 years.

Temperatures in Suffolk and Essex are forecast to rival Athens in Greece tomorrow as a spell of mild weather is set to continue.

A world-renowned female harpist has denied sexually abusing a schoolboy and told a trial that he sexually assaulted her while she was in the shower.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24