A Novuna Business Finance survey revealed that 83% of Scottish small and medium enterprises face significant external barriers to growth, with macro-economic uncertainty topping the list. The high percentage indicates widespread concern among business owners about conditions outside their direct control.
External barriers can include inflation, interest rates, supply costs, regulatory changes and weak consumer demand rather than internal management limitations. Macro-economic uncertainty ranked first, suggesting respondents view the broader environment as the primary constraint on expansion plans.
Scottish SMEs span hospitality, fisheries, renewable supply chains and professional services sensitive to UK and global cycles. Survey findings often inform lender appetite, government grant design and chamber of commerce advocacy priorities.
The summary cites the 83% figure and leading uncertainty concern without detailing sample size or methodology. Nonetheless, the magnitude implies growth intentions may remain subdued until confidence improves.
For now, the business sentiment record is Novuna Business Finance reporting that 83% of Scottish SMEs cite significant external growth barriers led by macro-economic uncertainty. Policymakers targeting regional development may weigh these headwinds when structuring support programs.
Small and medium enterprises often cite macro-economic uncertainty when delaying hiring, capex and expansion loans. Novuna Business Finance reported that 83% of Scottish SMEs face significant external growth barriers, with broader economic conditions ranking as the top concern.
Created by Ayen Stabel.
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Sources:
UK Business News Today: 26 May 2026 | Economy, Markets & Insolvencies