A recent report indicates that one-third of UK SMEs are leveraging research and development (R&D) to bolster their growth plans for 2025. The "Geared for Growth 2025" study reveals SMEs investing in technology and talent view R&D as vital for innovation and long-term success. While many anticipate revenue growth, firms also face challenges like talent shortages. Experts advocate for strategic investments in advanced digital tools to enhance operations and meet market demands, emphasizing that alternative finance options could better cater to high-growth business needs than traditional funding methods.
The challenges of the current economic environment persist for SMEs. With rising costs and talent shortages creating additional barriers to growth and innovation, businesses must focus on strategic investments to stay competitive.
R&D is a critical growth driver, allowing businesses to innovate and adapt to shifting market demands. The difficulty is that traditional funding options don't always meet the needs of high-growth businesses.
Collection
[
|
...
]