Further SME Optimism Highlighted By Business Factors Report Study Reveals Increasing Confidence Among Growing Businesses 15.10.2013 New research has suggested that optimism is continuing to grow among small and medium-sized enterprises (SMEs), providing further evidence that the confidence of such firms is on the rise. The Business Factors Index report from Bibby Financial Services , due for release later this month, has reportedly revealed SME performance is matching wider industry performance in a range of sectors such as manufacturing and construction. According to reports, manufacturing firms have seen a 5.1 point increase in the second quarter, while construction firms saw a rise of 5.7 points. David Postings, chief executive of Bibby Financial Services UK, said the third quarter was also a “period of good performance across the board with increasing optimism among SMEs”. The comments have come after research by Deloitte reported by BusinessDesk revealed optimism among entrepreneurs in the Midlands is at its highest level for six years. Expert Opinion Another week and another new report reveals confidence is on the rise among SMEs and entrepreneurs, with many now recognising they are in a strong position to take advantage of the growing opportunities which are emerging as the economy recovers. “SMEs have key role to play in economic growth so these results are of course very welcome, although we would urge such firms to ensure they have provisions in place which ensure they are ready for growth and expansion. “One vital factor in this is ensuring that specialist legal advisors are on hand to provide key information on regulatory compliance, employment policy issues and other aspects of the law.” Steven Beahan, Partner Key contact Steven Beahan Partner +44 (0)788 969 4052 Email Steven Press contact Dave Grimshaw Press Officer 0114 274 4397 Email Dave Tags SME Steve Beahan Sheffield Related articles 20.03.2019Government Issues Recommendation for Leasehold Reform 15.03.2019Irwin Mitchell Recruits Hundreds Of Volunteers For Red Nose Day 2019 15.03.2019Irwin Mitchell Scoops Hat-trick At Birmingham Law Society Legal Awards 13.03.2019Sheffield City Region Launches Global Innovation Corridor At MIPIM 2019 08.03.2019Irwin Mitchell Launches Women in Law Timeline 05.03.2019Does A Rest Break At Work Have To Be Continuous?