Motorsport SME confidence climbs Confidence among SMEs which includes many motorsport businesses is rising, according to research from Novuna Business Finance, with a poll showing that 53% want to obtain finance to grow. This marks an increase on the 49% who said the same this time last year. The specialist lender found that hiring staff was the most common reason for wanting to secure additional finance, having been cited by 28% of respondents. This was followed by launching new products or services (28%) and purchasing new equipment or modernising IT systems (24%). Jo Morris, Novuna's head of insight, said: "2022 was a tough year for everyone in the business world, with small businesses in particular having to navigate a variety of obstacles. It is encouraging, however, to see growth outlook for the small business community maintaining a steady level throughout the year, with many looking to continue this expansion and growth into 2023."