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Majority of business owners working 'unsociable hours'.

POLLING commissioned by British Business Bank, the UK government-owned economic development bank, has revealed that 56% of Welsh business owners say they work unsociable hours in order to maximise business growth - higher than the national average of 51%.

Whilst 39% of small business owners from Wales expect to see an increase in income or turnover in the next financial year, this is significantly lower than the national average of 51%. Interestingly, only 17% of business owners in Wales would consider using other assets as security to grow their business.

Often, smaller businesses in the area want to grow but don't consider, or know of, the alternative finance options available to them. The Populus polling reveals, for example, that only 6% of Welsh businesses have considered angel investment and invoice financing.

The British Business Bank is committed to helping smaller business leaders understand and explore the full range of finance options available to them - helping them work smarter, not harder. That's why the bank has launched the Finance Hub - a new interactive website dedicated to providing independent information on finance options for scale-up, high growth and potential high-growth businesses.

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Publication:Daily Post (Conwy, Wales)
Geographic Code:4EUUK
Date:Sep 19, 2018
Words:188
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