British SMEs are increasingly looking for long term finance. Findings from a recent study, in fact, confirm that the companies which are willing to consider long-term finance grew by 10% passing from 34% in 2015 to 44% in 2016.
Additional findings from the report, produced by YouGov on behalf of Albion Ventures interviewing more than 1000 SMEs across the UK, pointed out that millennial entrepreneurs are the age group most open to considering equity investment:
just 26% of under 35s said they would never consider this form of financing for their business. This is encouraging and suggests an ongoing generational shift in attitudes towards raising equity finance.
Leading the enthusiasm for raising long-term finance is the IT and telecoms sector. Manufacturing is also high at 40% and is the most optimistic of all, while construction trails at 13%, and is the most pessimistic.
We’re shifting towards a more entrepreneurial model as seen in the US
Patrick Reeve, managing partner at Albion Ventures argued.
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