Adapting in tough times: The growing resilience of UK SMEs

The past five years since the financial crisis have presented perhaps the most challenging economic times since the Great Depression and Second World War. The recent World Economic Forum (WEF) Global Risk report highlighted economic fragility and resilience as the principal challenge for individuals, businesses and government today. It is no surprise then that the UK small business - whether a sole trader, start-up manufacturer, local pub or hair and beauty salon - has been under constant financial pressure.

Developed in association with the Economist Intelligence Unit (EIU), this report looks at the general state of fragility within the UK SME sector after five years of challenging economic times; how UK small-medium size enterprises are responding; and what risks are emerging as a result, both for the small business and the larger SME economy.