60% of small firms in the UK expect to grow in the next 12 months, according to a survey by the Federation of Small Businesses.

All sectors reported they had a positive outlook for the seventh quarter in a row.

Businesses in the north east of England have the most improved attitude, with those in the south east showing the most positivity overall.

The report coincides with the latest growth figures from the Office for National Statistics, which show that the UK economy grew 3.2% in Q2 this year, compared with the same period in 2013.

International bodies like the IMF have also said that the UK is likely to remain the fastest growing developed economy for some time.

John Allan, chairman of the FSB, said:

“We’re seeing record breaking confidence from our members which suggests small firms will continue to spearhead the UK’s recovery.

“We want policy makers to lock in this optimism and continue to back the self employed and small businesses. As we head in to party conference season, we’ll be looking to all the political parties to spell out what they will do to encourage job creation, investment and reward entrepreneurs in the next Parliament.”

Image by Susana Fernandez