Around 40 per cent of the UK’s small and medium-sized businesses support the notion that the government’s greatest priority should be investment in the country’s infrastructure.
The Close Brothers Business Barometer
The Close Brothers Business Barometer, which seeks to establish the opinions of small business owners and senior management shows that these enterprises believe that this should come before health, education, energy and innovation investment.
Over half of respondents who believe improving infrastructure is the most important issue to address say that they feel this is what the economy most needs in order to prosper and develop.
CEO of Close Brothers Invoice Finance David Thomson says that ensuring the UK has a world-class infrastructure is a crucial part of the country’s long-term economic plan.
He said:
“I’m sure that many SMEs were heartened by the recent announcement of a new national infrastructure plan, outlining £375 billion of planned public and private sector investment. The proposal set out vital long-term investment for energy transport, flood defence, waste, water and communications infrastructure up to 2030 and beyond.”
The Close Brothers Business Barometer also reveals that a further quarter of SMEs surveyed believe that a modern infrastructure is vital if their business is to achieve growth.
Thomson adds:
“This expenditure will not only create jobs and stimulate the economy in the short term, but with upgraded networks in place, the UK will be better positioned to attract foreign investment and ensure long-term growth and prosperity.
“Many business owners will undoubtedly be excited by the prospect of this sizeable investment from the government as it will give the economy the kick start that it needs.”
“By investing in infrastructure, we can ensure that UK businesses are well equipped and ready to meet the challenges that recovery may bring head on.”
Source: Small Business UK