Small firms are showing a greater level of confidence heading into the New Year compared to the same time last year, according to research from the Federation of Small Businesses (FSB).
The Small Business Index – the measure of confidence in the sector – is some 18.8 points higher than Q4 last year when the economy entered into double-dip recession. However, it has fallen by 1.1 points against Q3 to record a score of -5.6.
The index also shows that fewer small firms applied for finance in the last quarter, but of those that did, a higher proportion were accepted – 49.35% up from 42.85% in Q3.However, less than one in ten respondents still consider credit to be easily available.
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Member since: 10th July 2012
Hi, I'm Sarah. I've lived in Heanor with my family for over 10 years and I'm passionate about our beautiful little corner of this historical county. If you know of something that's great about our area,...