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.


RELATED CONTENT

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.

Tags

Categories

Related Articles

Banks have failed to engage with communities over branch closures, MSPs warn
3 July 2018

The Economy, Jobs and Fair Work Committee found that branch closures were hitting the most vulnerable, with MSPs warning that alternative options to face-to-face banking have not been adequate

Interview: Keith Brown on being elected SNP depute leader
21 June 2018

Exclusive interview with the SNP’s new depute leader on the Growth Commission report, indyref2 and how he interprets his role

 

Promote the aquaculture industry to school leavers and graduates, urges HIE
23 May 2018

Highlands and Islands Enterprise highlights a gender imbalance in both the industry and education system, as well as an ageing workforce

Employment in Scotland at record high
22 May 2018

Statistics show that in 2017, 2,618,100 people were in employment, with the employment rate at 74.3 per cent

Related Sponsored Articles

Share this page