Outlook brighter after bleak times

By a County Press reporter

Saturday, January 4, 2014

 

THE outlook for small businesses this year was increasingly optimistic according to a leading group.

The Federation of Small Businesses Wessex, which has hundreds of members on the Isle of Wight, said research had shown businesses wanted to expand and were finding it a little easier to obtain finance.

The FSB said the number of firms refused credit applications was the joint lowest since the start of 2012 and those who were accepted for finance reported cheaper interest rates — thanks to the government’s Funding for Lending scheme. Neil Eames, development manager for the FSB Wessex Region, said: "Confidence has been in positive territory for a full year, giving economic growth solid foundations moving into 2014.

"Small firms are creating more jobs and investing in their business and there are encouraging results behind the headline figures, with promising trends evident across the main areas of expansion, investment and employment."

He said, however, that sustained recovery was a way off.

Reporter: ross.findon@iwcp.co.uk

Comments

Log-in or register to comment on this story. See our House Rules here.

By ticking "Remember me" you agree to a cookie being stored on your computer - no personal data is shared.

Forgotten your password?

Any views or opinions presented in the comments above are solely those of the author and do not represent those of the Isle of Wight County Press.

Most Read

  1. Lifeboats out of action after vandalism

    Tuesday, July 22, 2014

  2. Collision in Cowes

    Monday, July 21, 2014

  3. Isle of Wight rallies behind Ryde Rescue

    Tuesday, July 22, 2014

  4. MP calls for early report into Wightlink deck collapse

    Tuesday, July 22, 2014

  5. Take care around Island's coastline

    Monday, July 21, 2014

View our Elgin Traffic & Travel Map