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The majority of UK SMEs are feeling confident about 2015 and expect businesses to grow – but a third expect a decline.

The majority of the UK’s small businesses are feeling upbeat about 2015 according to a new poll. The survey of 1000 small and medium sized businesses carried out by OnePoll, commissioned by small business funder Liberis, showed that 68% of SMEs say they are feeling confident about their business for the new year and 56% expect their business to grow. Worryingly, however, nearly a third (32%) admitted they expect their business to decline, with main concerns being cash-flow, costs eating into profits and increasing their sales.

Four in ten (40%) said they would be seeking funding for their business, of which 75% felt confident that they would be successful in getting it. Fifty percent plan to go to their bank whilst a nearly a third (31%) plan to go to alternative funding providers. A third, however won’t be seeking funding because they don’t think they’ll get it.

Top needs for funding are to pay a tax bill, followed by buying new stock and equipment and for day to day running costs.

Says Liberis CEO Paul Mildenstein, “It’s good to see such a widespread level of confidence and expectations of growth, but it is still tough trading for a considerable number of small businesses who are concerned about cash flow and costs and need funding to help with every day expenses to see them through.”

What are your hopes for 2015? Are you feeling confident or pessimistic and why? Contact us on Twitter @TalkBusinessmag and share!