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.