Scottish small business confidence on the rise

Written by Liam Kirkaldy on 13 April 2017 in News

But survey of more than 300 firms found businesses were still largely negative about their prospects

Construction - Fotolia

Confidence among small businesses in Scotland is on the rise, according to a new survey from the Federation of Small Businesses.

But while the survey of more than 300 firms found that confidence had improved in the first quarter of 2017, businesses were still largely negative about their prospects.

The FSB found confidence among small UK firms has risen to the highest level in over a year despite “spiralling” business costs.


Tech 100: 'Unless we can create technology firms of scale our entire economy is at risk'

Jeremy Corbyn sets out Labour's £10 minimum wage plan

In Scotland the FSB found that employment was flat for small businesses during the first quarter of 2017, though some firms said they anticipated hiring new staff over the next three months.

Andy Willox, FSB's Scottish policy convener, said: "Scottish business confidence couldn't fall much further at the end of 2016.

"A bounce at the start of this year is welcome, but looks like it will be tricky to sustain given that firms are reporting falling revenues.

"Too few Scottish businesses have faith that our economy is travelling in the right direction.

"The UK government needs to convince firms that their plans for Brexit will safeguard their interests.

"The Scottish government and our local councils also need to put local growth at the top of their agenda."

The survey showed nearly half of respondents said the state of the domestic economy was a barrier to growth, while around four in ten cited consumer demand.



Related Articles

Campaigners urge ministers to ensure National Investment Bank boosts low carbon infrastructure
15 December 2017

Environmental campaigners welcomed plans for £340m in capital funding for the National Investment Bank, while urging ministers to ensure it helps develop Scotland’s low carbon...

Brexit talks make "sufficient progress" to move on to trade
8 December 2017

UK and EU agree that sufficient progress had been made on exit payments, citizens' rights and the future of the Irish border to allow the negotiations forward in the New Year

Budget 2017: Environmental groups question North Sea tax break
23 November 2017

Oil industry welcomed news that Philip Hammond will allow the tax history of oil and gas fields to be transferred after a sale, allowing buyers to claim greater relief when it comes to...

Share this page