New Forest Ribbon
New Forest

16/11/2017

Cautious businesses delaying investment

Businesses are in no rush to make investments amid the ongoing uncertainty of Brexit, according to the Institute of Chartered Accountants in England and Wales (ICAEW).

More than one in four businesses are delaying investment decisions as the government continues negotiations with the EU.

As a result of their collective cautiousness, 61% of those firms surveyed reported a cash surplus in 2016/17 with 64% anticipating similar results from 2017/18.

37% have no plans to invest their cash reserves in the next 12 months, with 49% of those wanting to remain flexible, 32% braced for further uncertainty and 30% citing no investment opportunities.

Investment options

If you’re looking for ways to invest a cash surplus, one option could be to reinvest in your business.

In an increasingly digital environment, updating your IT infrastructure would ensure your systems remain up to date.

However, more traditional options such as developing staff and investing in the latest technology could pay off in the long term.

For further information on Business Investment, please contact Geoff Rhodes on 023 8046 1239.

Latest Tweets

Discretionary funding is available from local councils for businesses who meet a set list of criteria. There are a number of exclusions, and businesses can find out more via their local council websites http://ow.ly/D3co50BRbld

From the 1 January there will be new rates for customs duties and businesses will need to decide how they account for import VAT when making a customs declaration http://ow.ly/oZjR50BRb7E

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.