More businesses 'looking to control costs'

News Article - 31 March 2009
Category:

The government's business support service Business Link has seen a marked increase in the number of small businesses looking for advice on how to control costs.

Erica Russell, a sustainable business advisor from Business Link, said that cost-cutting was certainly now moving up the priority list for such firms.

But she added that a relatively high proportion of small companies were remaining optimistic about their business health during the recession.

"Most small businesses are very entrepreneurial by nature and are out fighting in quite a tough market, so I'm not surprised by their optimism," Ms Russell enthused.

Her comments come in response to recent research from uSwitch that shows that while almost 76 per cent of small businesses feel confident about surviving the recession nearly half are looking at cutting back on all of their costs.

In addition, 19 per cent note that the recession is having no impact on their business at all, while nine per cent claim the recession is actually proving beneficial for them.

Article keywords:

---

More industry news

• Think tank warns UK may have already slipped back into recession
• Growing demand for HR staff in technology and international sectors
• Boosting business growth a ‘priority’ to avoid Eurozone slowdown
• HMRC launches alternative disputes pilot scheme this week
• December employment statistics disregard gloomy recruitment predictions
• Eurozone manufacturing PMI shows modest improvement
• UK scores highly for economic governance by ratings agency
• Government launches two-year project focusing on manufacturing sector
• Burden of regulation on UK businesses ‘too high’

Back to news home page »