In Focus Risk
More than half of European SMEs confident for 2021
Hope for the new year comes mainly from the agriculture, real estate, business services, and food and drink
Scott Donnelly Chief executive, CapitalBox
Despite continued uncertainty, 57% of SMEs across seven European markets feel positive about the future and think that economies will recover to pre-Covid levels within the next two years. A further 18% are still confident about
a recovery, but believe it will take at least two years. However, when it comes to their own businesses’ recovery as opposed to the wider economies, over half of SMEs (51%) feel that their business will in fact recover this year, in 2021.
By nation SMEs in Finland are the most confident in their own business recovery in 2021 (57%), compared to: l 50% in France l 50% in the UK l 48% in Germany l SMEs in Spain, with 27%, are the least confident in their own recovery
By sector Optimism for the new year mainly comes from the agriculture (60%), real estate (58%), business services (55%), and food and drink (55%) industries. As hospitality looks towards a new
normal in the new year, 52% are confident of their business recovery this year. The least optimistic industries for the new
year are healthcare (28%) and wholesale, retail and franchising (31%).
Government support Most of this optimism is reflected in how trusting SMEs are in their respective
February 2021
www.CCRMagazine.com 39
governments’ support. In total, 53% of SMEs stated that they are certain their governments will continue to provide the right support going into 2021. The most confident in their government
support are those most optimistic SMEs, in Finland (58%), France (51%), and the UK (55%). On the other hand, the least confident are
SMEs in Spain, with 35% of respondents not feeling like their government will provide the right support moving forward.
Impact The pandemic continues to have a big impact on businesses and economic recoveries around the globe, and there is certainly a bumpy road ahead to get there. SMEs in Europe, however, are confident
that this new year will bring positive changes, and that their businesses will return to growth. As the backbone of many economies, it is great to see SMEs being
optimistic about the future and the ‘new normal’, putting effort into getting back on track. As small and medium businesses look
toward a road of recovery, it is critical that the right financing is available to them to help guide them. From government support to alternative lending, they need to feel confident in their recovery in 2021. We will always strive to help those financially underserved SMEs. CCR
The pandemic continues to have a big impact on businesses and economic recoveries around the globe, and there is certainly a bumpy road ahead to get there
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52