- 20 Jul
59% Of Fast Growth Businesses Don't Have Sufficient Finance
The available finance is not enough to support many high growth UK businesses. In our recent market research survey of 100 fast growth businesses (high/fast growth being defined as 20%+ turnover growth in the last year) we found that a staggering 59% of respondents said that they had not had sufficient finance to support their current growth rate.
Worrying news for the UK economy when you couple that with our previous survey of businesses generally that found that all of those questioned said that they could exceed their growth projections given more access to funding.
Despite these results, fast growth finance remains available yet apparently ellusive to businesses - more to follow on that subject.