South West | Small Business Index, Q4, 2023

Local News 2 Feb 2024

Our final confidence survey of 2023 saw local SMEs worried for year ahead as business confidence falls once again.

Our FSB quarterly confidence survey for the final three months of 2023 shows that levels of positivity in the South West region fell for third consecutive quarter.

The survey – taken among small business owners and sole traders between 13 December 2023 and 2 January 2024 – shows the South West lagging well behind every other area in the country in terms of confidence and the results were described as ‘worrying’ by our FSB’s South West policy representative Craig Carey-Clinch.

“As we now enter a possible election year we must ensure that all politicians take note of what is happening in the small business arena and make it at the heart of their economic agendas. 2023 ended on a downbeat note for far too many of our great South West businesses - let us now hope that picture changes quickly and 2024 can see the ‘bounce back’ we all want to see, " he said.

You can download and read our full report

FSB Business Confidence Report Feb 2024.pdf

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