HSBC boss Gayle Lacey: 2014 will be an exciting year for UK entrepreneurs

Gayle Lacey, HSBC's UK business banking head, says there will be better opportunities for innovative SMEs in 2014.

by Elizabeth Anderson
Last Updated: 18 Dec 2013

Speaking at Britain's Most Admired Companies awards 2013, Gayle Lacey, director of business banking at HSBC, said signs of a pick-up in the British economy will give SMEs a boost in 2014.

'We can see opportunties for innovative SMEs having a real opportunity to grow and develop. and one way the UK economy of course will improve is via exports. So small businesses have a big opportunity to showcase the best of British around the world,' Lacey said.

She added: 'I admire innovation and SMEs that are passionate about what they're doing. They're doing something really different, either leading in product development or the thinking in a particular industry. I also admire businesses that can develop something in one market which is applicable to other markets and making the msot of opportunities, without having a narrow vision.'

Lacey's comments come as it is revealed that London start-ups are leading the way on exports. According to software firm Sage’s Start-Up State of the Nation Report, 49% of London small and medium businesses are currently exporting goods and services overseas, the highest proportion in the country.

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