Small businesses in the UK appear to be more confident in the future, despite the problems surrounding trade at the moment.
The latest figures from the Federation of Small Businesses (FSB) revealed that more than half of the 3,000 FSB members surveyed aim to grow in the 12 months ahead. Furthermore, a third of companies questioned said that they hope to increase their capital investment plans.
The results come as something of a surprise in light of the demand issues and weak domestic conditions that are the background to current business conditions in the UK.
John Walker, national chairman of the FSB, commented: “It is a testament to the hard work and determination of the UK's small businesses that, in the face of rising costs and falling demand, they are still more confident about the year ahead and are looking to expand.”
He called upon the government to support the growing levels of confidence by “doing everything in its power to remove the barriers to growth which our members have highlighted”. Energy, regulatory costs and access to realistic alternatives to bank finance are among the issues that need tackling, according to the FSB. 
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