Scottish small businesses 'more confident'

coins Nearly a fifth of small businesses said they had capital investment plans for 2013

Related Stories

Scottish small businesses have started the year in more confident mood, a survey has suggested.

Research by the Federation of Small Businesses (FSB) suggested confidence rose in the first quarter of 2013.

However, it still lagged behind the UK average.

The survey also showed more businesses had plans to invest this year, despite figures showing confidence was "significantly lower" than the same quarter last year.

A total of 16% of businesses in Scotland said they planned capital investment in the year ahead.

However, the survey also showed fewer firms were applying to external financiers - with just 19% approaching their bank for finance in the last quarter.

The data, gathered before last week's Budget, also showed that a majority of Scottish businesses (61%) were operating below capacity.

FSB Scottish policy convener Andy Willox said: "Confidence is key to recovery and I am heartened to see that more small firms are planning to invest.

"That means more orders placed, more business being done and fewer suppliers looking nervously at empty order books and trimming staff costs.

"I hope more large businesses now follow our lead and start investing the significant sums on which they are sitting.

"However, businesses' investment and growth intentions are being undermined by spiralling energy and fuel bills," he added.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features

  • OrangemanPunctured pride?

    How would N Ireland's Orangemen feel if Scotland left the union?


  • MarchionessThames tragedy

    Survivors and victims' families remember Marchioness disaster


  • Sheep on Achill IslandMass exodus

    Why hundreds of thousands of people have left Ireland


  • A teenaged mother in the Zaatari campUntold misery

    The plight of Syria's refugee child brides


  • Michael MosleyMeat feast?

    Which is the best eco option - eating beef, chicken or mussels?


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.