It’s encouraging to see that construction SME business owners are becoming more optimistic about the current economic outlook. Our research has found 32% expect the economy to continue to grow, and a further 37% are of the opinion that the worst is behind us. 

Looking ahead, 40% of construction firms have expansion plans in place for the coming 12 months, ahead of the UK average of 35%. Just over half (52%) expect performance to remain static, while only 6% envisage contraction and 2% will be putting up the ‘closed down’ signs.

Read the latest report from Close Brothers Asset Finance, for more information.