Growth and funding ambitions have strengthened amongst SMEs over the course of 2019, according to the latest report by Independent Growth Finance (IGF), the leading independent asset based lender. Almost three quarters (73%) expect to see their revenues climb in the next 12 months, compared to 69 percent at the start of the year. Of those seeking to raise funds to support growth, the average amount has also increased by 22 percent – or £250,000.

Despite a turbulent year, IGF’s Powering Freedom Report finds that British businesses turning over between £1 million and £500 million are determined to secure a brighter future. Little has proved effective in reducing Brexit concerns amongst SMEs – up from 90% to 93% since January. Yet, new findings suggest investment is high on the agenda for 2020.