SMBs eager to grow and invest, says FSB chief

Friday 4 January 2013

Retail is performing well

Small and medium-sized businesses (SMBs) are eager to grow and invest this year, a leading industry figure has claimed.

John Walker, national chairman of the Federation of Small Businesses (FSB), said that while confidence is still low in the UK, SMB leaders are heading into 2013 with more confidence than in any of the last two years.

He described this as "a move in the right direction" and something the government must build on in the New Year.

"Businesses need to be given a firmer footing so they can grow and be confident to take on staff," Mr Walker stated.

He expressed support for the work the government is doing to reduce the regulatory burden that small firms face.

"This, if done right,  will make it easier for businesses to employ staff or free up the time people need to run their business – time which can then be spent growing the business," the FSB chief stated.

"While 2013 won't have the glamour of the Olympics and the Jubilee, I hope that it will be the year in which we turn the corner into recovery."

He said the signs "seem to be positive", but it is going to be "a long road ahead" with some economists warning of a triple-dip recession, and others cautious optimism.

"There is little doubt small firms are best placed to help the recovery as long as they have the confidence and ability to invest and grow," Mr Walker stated.

Posted by Dan Smith