The number of businesses wanting to create new roles has gone up during the last 3 months, which makes it the third consecutive quarter for this to take place. Of the 3,000 companies who took part in the survey, 15% are wanting to bring in new staff during the next quarter, while 11% saw their employee number grow over the last 3 months.
The recovery doesn’t seem to be isolated to only certain regions either. In all areas that responded, every one reported that job growth was on the up, with the West Midlands and the East of England showing above average increases.
What also comes as good news is that companies have been finding it easier to access finance, with a rise in the number of businesses’ applications being approved. In contrast, opinions about bank lending still show signs of trouble. Many companies still think that credit is costly and difficult to attain.
The survey also found that nearly two thirds of companies are planning to expand over the next 12 months, while business confidence rose to 35.7, the highest since the third quarter of 2013 when it was 33.5.
John Allan, the National Chairman of the FSB, said: “Once again we see confidence on the up – and small firms leading the way in job creation. There is no doubt small businesses are pushing us further towards economic prosperity and it’s so important to retain this momentum.”
Image by Marinus van Reymerswale.