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FSB Reveals Small Business Confidence on the Rise

The latest Quarterly Small Business Index from the Federation of Small Business (FSB) has revealed that confidence among UK SMEs is on the rise. This is encouraging to see, especially with businesses facing a challenging economic climate and concerns around Brexit and GDPR.

Optimistic about what the remainder of 2018 holds, more than a third (35%) of small businesses expect performance to improve over the next three months, with less than a quarter (24%) believing performance will worsen.

Levels of confidence are at the highest since Q2 2017, with the majority of businesses reporting plans to remain the same or grow in size (88%) and retain or increase staff numbers (79%).

The FSB has also revealed that business owners in Wales are the most confident about business performance this quarter and confidence among Scottish SMEs is also positive for the first time since 2015. In London and the South West, businesses have the least confidence

Mark Bowen, Marketing Director at ScottishPower said: “It’s great to see UK small businesses have had a confidence boost in recent months and it’s so important that the sector remains positive in the face of the many challenges it faces.

"We're committed to helping businesses grow and thrive and help them to celebrate success and that’s why we’re, once again, supporting both the Glasgow Business Awards and Cheshire Business Awards. Both of these events recognise the best of the best – local SMEs who have gone above and beyond whether that be in terms of innovation, energy efficiency or employee engagement to achieve their own business goals.

"We're sponsoring the Green Champion award at the Glasgow Business Awards and the Business of the Year award in Cheshire and would encourage all businesses to consider putting themselves forward for an award of this type. Being shortlisted can give businesses and employees a huge boost and offers the chance to reflect on what you’ve achieved and how far you’ve come."

For more information from the FSB, visit: fsb.org.uk/