Originally written by Anna Jordan on Small Business
Small businesses are feeling much more confident as shops reopen in England and Wales, according to the Federation of Small Businesses (FSB).
The group reports that its UK Small Business Index confidence measure has risen to 27.3 in Q1 2021, up from -49.3 in the last quarter. The index is at its highest level since Q3 2014 when it hit +41.00 and is in positive territory for the first time since Q2 2018.
Figures also show that close to two-thirds (58 per cent) expect performance to improve while fewer than a third (31 per cent) are expecting it to worsen.
More than half (51 per cent) of the almost 1,700 business owners surveyed believe their revenue will increase over the next three months. That’s the highest proportion since the summer of 2015. Fewer than one in four (24 per cent) expect sales to fall. The same figure stood at 84 per cent at this time last year.
Even more (53 per cent) aspire to grow their businesses over the next 12 months, the highest since Q3 2019, marking a 22-point percentage jump since this time last year.
It’s not all positive, though. Research from Nucleus Commercial Finance also