Expert Reacts As Report Highlights Growth Potential In SMEs

By Rob Dixon

Legal experts specialising in support for SMEs have welcomed another report which has indicated that such companies may hold the key to the UK’s economic recovery in the near future.
 
Research produced by bodies including the Aston Business School and Leeds University Business School found that companies which had been through a support programme operated by Goldman Sachs were able to highlight positive results in terms of recruitment, increasing turnover and growing their confidence.
 
The authors of the report suggested that the results demonstrated what could be done in terms of ensuring growing businesses are given the help they need to thrive in the difficult economic climate.
 
The release of the study has come just weeks after the Government announced the launch of a £300 million fund to support SME growth.
 
Irwin Mitchell’s business legal services teams specialise in providing firms with support in a range of areas from employment law to litigation and real estate issues.
 
Steve Beahan, a Partner in Irwin Mitchell’s Commercial Litigation team and member of the law firm’s SME Group, said: “This is another report that highlights the huge growth potential that exists within small businesses across the UK and the importance of ensuring such organisations get the support they need to tap into it.
 
“Affinity groups we have worked with have highlighted the same issues, while from our own discussions and work with small businesses we have seen how so many of them only need the right advice and legal support to set them on their way to develop and grow further.
 
“As a firm, we are absolutely committed to ensuring that businesses of all sizes get access to the solutions they need to develop in these difficult economic times. SMEs have a huge and critical role to play in both the short and long term.”

Read more about Irwin Mitchell's expertise in relation to SMEs