Boosting productivity with SME growth

Much of the work we carry out is performed within the SME sector. 

We see that SMEs comprise a large part of many global economies - boosting SME productivity growth will have a significant impact on overall productivity.

Innovation and expansion to international markets are fundamental drivers in boosting productivity, but many SMEs are not exploring these options.

Estimates suggest that an improvement in exporting alone would add £1.15 billion to annual gross value-added to the UK economy as just one example. 

Internationally active SMEs are three times more likely to introduce innovative products or services than those focusing entirely on the domestic market.

Currently, only one in five SMEs are exporters. However, estimates suggest that between nine and 12 percent of non-exporting firms could become exporters.

In the UK for example, SMEs are less ‘growth-inclined’ and ambitious than in other G8 economies. The Global Entrepreneurship Monitor has pointed to a 17 percent growth aspiration in the UK among entrepreneurs, compared to 27 percent in the US

A report published jointly by the Enterprise Research Centre (ERC), Goldman Sachs 10,000 Small Businesses and the British Business Bank shows that SMEs are a key underused resource for increasing productivity.

CBS are passionate about helping SMEs achieve their international business growth. If you are an SME wanting to expand internationally, then we can help you remove the structural barriers that limit your growth.