Research from Premium Credit’s Insurance Index has found than 49% of SMEs expect to increase revenue in the next 12 months. The index showed that 35% expect revenues to increase following new product launches while 34% expect to boost revenues by expanding into new markets. Just 10% of SMEs predicted their revenues would fall.

Adam Morghem, strategy marketing and communications director at Premium Credit, said: “SMEs have been through a tough period in the last three years with the COVID-19 pandemic being rapidly followed by rising inflation and interest rates.

“SMEs have been innovative and adaptable throughout the period as they react to pressures on cashflow. Premium finance is a very cost-effective way for businesses to buy insurance, and better manage their finances and cashflow by spreading payments.”

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