According to the Federation of Small Businesses, there has been a substantial improvement in confidence relating to small businesses, which could lead to a growth in the small business sector.
The FSB’s small business index allegedly demonstrated a robust improvement over the last three months. It began compiling its small business index in 2010, and claimed that investment promises and sector growth had reached new high levels, adding that there had been few negatives.
Almost two thirds of small businesses have aspirations of either growing moderately or rapidly within the next three months. The FSB claimed that productivity within the small business sector was very encouraging, especially in contrast to other sectors. They said that policymakers should take note.
The FSB’s national chairman, John Allan, said, "The results... are very positive and show the major role that small businesses play in the growth of the UK's economy."
However, the results are patchy in geographic terms. Small business confidence is the highest in the South East of England, with the West and East Midlands coming second. In wales it is a different story, with confidence actually falling along with employment. Scotland also reported a low level of small business confidence.
I am a Copywriter, Proofreader, Virtual Secretary and Author.