MORE than a third of SMEs working in transport and distribution expect their businesses to grow in 2013 according to a recent survey conducted for The Co-operative Bank by YouGov.
The findings also show that almost half (45%) expect to see investment in new business vehicles and premises. Some 36% expect to take on new staff.
Keith Alderson, Managing Director of Corporate and Business Banking at The Co-operative Bank, said: “SMEs and entrepreneurs are widely acknowledged as vital to Britain’s economic recovery so these results are good news as we head in to 2013.
“As the curtain closes on another tough year it seems many SMEs in the transportation and distribution sector are now looking forward with a cautious sense of optimism about the challenges for their businesses next year.”
Asked about the challenges facing their business in 2013, more then two thirds cited the current economic climate along with rising energy costs as their main concerns – both with 64%.
Support from banks was regarded as the next main issue cited by 36%, followed by red tape and regulation for 27%.
The study also found that just 9% felt sales and orders would fall in 2013 although 27% said they had suffered a decline in 2012.