"More than nine in 10 (91%) private business owners surveyed in London are confident about growth in 2026, according to KPMG's annual Private Enterprise Barometer, up 4 percentage points on the UK average of 87%. The annual survey captured the perspectives of 1,500 privately owned businesses, including 164 in London, from across various industries including professional services, finance, technology, industrial manufacturing and retail."
"Heading into 2026, technology is also expected to be a significant investment priority for private firms in the capital. Investment in digital transformation was cited as a focus by 42% of respondents, while appetite for AI investment, cited as a priority by 44%, sat above the UK average of 38%, underlining a commitment to innovation and staying competitive in an increasingly digital economy."
London private businesses show strong growth expectations for 2026, with 91% optimistic compared with a UK average of 87%. The sample included 1,500 privately owned firms, 164 from London, across professional services, finance, technology, industrial manufacturing and retail. Nearly half of London firms plan increased marketing and strategic growth, while 46% cite rising demand for products and services. Technology investment is a priority, with 42% focused on digital transformation and 44% prioritising AI, above the UK average. Sixty-nine percent plan new service lines, 77% target new markets within five years, and 53% are open to private equity.
#london-business-confidence #digital-transformation #ai-investment #international-expansion #alternative-funding
Read at London Business News | Londonlovesbusiness.com
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