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| The findings from Spacia Property
Monitor 2004 show that 47 per cent
of SMEs have experienced problems
in finding suitable accommodation
for their business. This is an increase
of 18 per cent since 2003. |
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The two main problems SMEs
reported when searching for
business accommodation were
finding a property in the right
location and at the right price.
Quality of property is also
an issue. |
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2004 |
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2003 |
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| As in previous years, the majority of
SMEs view more flexible lease terms
and access to internet databases as
the most important steps to help the
process of finding business
accommodation. |
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2004 |
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2003 |
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| For the first time in 2004, respondents
were asked about whether property-related
issues were having a significant
impact on the daily running of their
business. A lack of space for
expansion, and security issues,
were the most commonly
mentioned problems. |
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2004 |
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2003 |
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| All regions showed an increase
in the proportion of SMEs
reporting problems in finding
business accommodation
between 2003 and 2004.
Businesses in Anglia reported
the most difficulties, with six
out of ten citing problems. |
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2004 |
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2003 |
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There were 51,000 more enterprises in the UK at the start of 2002 than a year earlier,
according to the latest figures available from the Government’s Small Business Service. |
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Small and medium-sized businesses employ more than 22 million people in the UK.
(Source: Small Business Service) |
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If the findings of this year’s Property Monitor are applied uniformly across the country,
around 1.8 million SMEs in the UK appear to be having difficulty finding property. |
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