UK: current challenges before SME 2016-2018| ��ƽ��

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

Characteristic	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

More information

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.

Citation formats

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.