Software and IT service businesses are best placed to prop up a flagging UK economy, with research from ECI predicting bullish growth in the technology space compared to other sectors.
84 per cent of SME (Small to Medium Enterprise) technology companies expect to grow turnover by more than six per cent this year, with almost a third stating that turnover growth will exceed 25 per cent.
SMEs are confident they can help counter job losses in the public sector, with three quarters of those polled by ECI expecting to grow headcount this year. Overall, 60 per cent of SMEs think their turnover will double in the next 12 months.
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