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Small businesses not worried about EU exports in the event of Brexit
International trade is not a concern for small businesses ahead of the referendum

Concerns about exporting to the EU will not be a factor when UK business owners decide how to vote.

When asked to what extent respondents feel a Brexit would impact their ability to trade with other countries in the EU, 43 per cent of small and medium-sized enterprises surveyed by Sage answered that they do not export to the EU and that they currently have no plans to do so.

A quarter (25 per cent) of respondents believe there would be no impact to their ability to trade with the EU in the event of a Brexit, with only 4 per cent saying they think there’d be a significant impact.

Brendan Flattery, president of Sage Europe says the true impact of a Brexit on UK exports has been a hotly contested topic, with both sides of the in/out divide in disagreement when it comes to assessing the commercial value of Britain’s relationship with Europe.

‘Today’s survey results demonstrate that for SMEs, which make up more than two thirds of new jobs, representing an enormous proportion of the UK population, this is not a serious matter for concern,’ he adds. 

Almost a third (30 per cent) of respondents say they’re undecided on whether they’ll vote to stay or remain in the EU, and over half (56 per cent) say it’s the facts that will have the biggest impact on their decision.

Some 38 per cent confirm they want to stay in the European Union, with 31 per cent feeling Britain would be better off out.

However, 17 per cent of those surveyed say they’ll place their vote based on gut instinct.

A similar survey conducted by Sage in February 2016 showed that at that time, only 24 per cent say they would vote to leave, with 39 per cent wanting to remain and 37 per cent undecided.

The latest results therefore demonstrate an increase in the number of business owners hoping for Brexit.  

Flattery adds, ‘When it comes to the final referendum result, everything is still to play for. Campaigners need to work harder to understand the real issues that small and medium businesses care about and to present the facts, because that is what will make the difference when it’s time for business owners to decide.’

Further reading on Brexit

See also: Small businesses wish to stay small

Related topics:
Exporting

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