A combination of inflationary pressures, rising interest rates, high energy costs and ongoing supply chain issues are impacting the financial viability of many Scottish mid-sized businesses.
Business advisory firm Grant Thornton’s Business Outlook Tracker, which surveyed 50 Scottish businesses in October, found that almost a quarter (24%) of respondents have already restructured their operations, with a further 28% having plans to do so.
The survey recorded lower levels of optimism from respondents on their business’ funding position – dropping by 42 percentage points compared to August to just 34%.
