The barriers to growth: small business outlook over time (2015 - 2024)

Wednesday 29th May 2024

Welcome to our sixth Novuna Business Finance Business Barometer bulletin

In our sixth Business Barometer bulletin, we explore the perceived barriers that hold small businesses back from growth. We delve into what it's like for SMEs living with these obstacles and identify the businesses most affected. Key barriers include macro-economic factors like Brexit, COVID-19, and interest rates, as well as sector-specific challenges such as the availability of skilled labour, cost control, and regulatory red tape.

By understanding these persistent challenges, we can better support small businesses on their path to growth and success.

Read more about the barriers to growth for small businesses