The Struggles of London's Small Businesses: Barriers to Growth Revealed
New research reveals 84% of London small businesses face significant growth barriers, including market uncertainty, Brexit, and rising costs. We discuss what it means for the future of the capital's economy.
In this episode, Alice and Lewis delve into the latest Novuna Business Finance report, which highlights the growing challenges faced by London's small businesses. With 84% of business owners citing barriers to growth, they explore the key issues including market uncertainty, fixed costs, the long tail of Brexit, red tape, and finance problems. The conversation also examines the government's response and the role of financial institutions in supporting small businesses. As the cost-of-living crisis continues, what does the future hold for London's entrepreneurial landscape?
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