As of 2023, 36 percent of SMEs in the United Kingdom reported that increasing costs were one of the main obstacles to running their business, with a further 32 percent reporting the current economic climate as a main concern.
Main obstacles in the next 12 months for running a business among small and medium enterprises (SMEs) in the United Kingdom in 2023
Characteristic
Percentage of SMEs
Increasing costs
36%
The current economic climate
32%
Political uncertainty/future govt policy
24%
Legislation, regulation and red tape
23%
Cash flow/issues with late payment
15%
Supply chain issues
12%
The ongoing impact of Covid
12%
Changes to value of sterling
11%
Recruiting/retaining staff
11%
Access to external finance
8%
Created with Highcharts 7.2.2Percentage of SMEs36%36%32%32%24%24%23%23%15%15%12%12%12%12%11%11%11%11%8%8%Increasing costsThe current economic climatePolitical uncertainty/future govt policyLegislation, regulation and red tapeCash flow/issues with late paymentSupply chain issuesThe ongoing impact of CovidChanges to value of sterlingRecruiting/retaining staffAccess to external finance
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BDRC Continental. (March 1, 2024). Main obstacles in the next 12 months for running a business among small and medium enterprises (SMEs) in the United Kingdom in 2023 [Graph]. In Statista. Retrieved April 26, 2025, from https://www.statista.com/statistics/291688/uk-obstacles-to-running-an-sme/
BDRC Continental. "Main obstacles in the next 12 months for running a business among small and medium enterprises (SMEs) in the United Kingdom in 2023." Chart. March 1, 2024. Statista. Accessed April 26, 2025. https://www.statista.com/statistics/291688/uk-obstacles-to-running-an-sme/
BDRC Continental. (2024). Main obstacles in the next 12 months for running a business among small and medium enterprises (SMEs) in the United Kingdom in 2023. Statista. Statista Inc.. Accessed: April 26, 2025. https://www.statista.com/statistics/291688/uk-obstacles-to-running-an-sme/
BDRC Continental. "Main Obstacles in The next 12 Months for Running a Business among Small and Medium Enterprises (Smes) in The United Kingdom in 2023." Statista, Statista Inc., 1 Mar 2024, https://www.statista.com/statistics/291688/uk-obstacles-to-running-an-sme/
BDRC Continental, Main obstacles in the next 12 months for running a business among small and medium enterprises (SMEs) in the United Kingdom in 2023 Statista, https://www.statista.com/statistics/291688/uk-obstacles-to-running-an-sme/ (last visited April 26, 2025)
Main obstacles in the next 12 months for running a business among small and medium enterprises (SMEs) in the United Kingdom in 2023 [Graph], BDRC Continental, March 1, 2024. [Online]. Available: https://www.statista.com/statistics/291688/uk-obstacles-to-running-an-sme/
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