UK: SME current challenges 2016-2018

This statistic shows the most important challenges small and medium enterprise (SME) face in the United Kingdom (UK) from February 2016 to January 2018. From the responding SMEs in January 2018, 79 percent stated that their most important challenge was attracting new customers and 27 percent the uncertainty over the economic conditions to be a challenge.

Most important challenges the SME faces in the United Kingdom (UK) from February 2016 to January 2018*

Share of responding businesses
Attracting customers 79%
Increasing revenue 59%
Maintaining profitability 51%
Uncertainty over economic conditions 27%
Developing new products/innovation 19%
Other government regulations (e.g., compliance, technical regulation, patents, reporting) 16%
Tax laws and rules 16%
Retaining/recruiting skilled employees 15%
Securing financing for expansion 15%
Finding/working with suppliers 13%
Securing financing for business as usual 13%
Selling to foreign markets **8%
Other 6%
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Sources

Release date

January 2018

Region

United Kingdom

Survey time period

February 2016 to January 2018

Number of respondents

Various***

Method of interview

Online survey

Supplementary notes

* Source question: What are the most important challenges your business currently faces?
** Regulatory and other barriers to exports is deleted since October 2016.
** Selling to foreign markets is new since October 2016.
*** Survey sample group size varies:
Jan '18 = 537.

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Statistics on "Small and medium enterprises (SME) in the UK"

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