Read more: See hereRunning a small business in the UK is no easy task. From supply chain disruption, shifting consumer demand, and fluctuating inflation levels, business owners are navigating an unpredictable environment.
With this in mind, SumUp surveyed 750 UK business owners and decision makers within small UK businesses to see how confident they feel about the state of the current UK market, their top growth priorities for the next 12 months, and how their confidence levels stack up against last year.
Almost half (49%) of SMEs in London reported a stronger business performance this year, compared to last, including growth across key areas. Following this, we asked how confident they feel about the year ahead.
Despite a slight dip in confidence overall, the outlook remains broadly positive among London's small business community.
A further third (32%) of respondents expressed confidence, though with cautious optimism. They acknowledged potential challenges but maintained a positive outlook on growth opportunities. This is a modest decrease from 40% who reported similar confidence levels in 2024.
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