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International trade spurs small business confidence and job creation

Despite spiralling costs, small firms in the North West are feeling more confident and planning to take on or maintain staff, with international trade playing a major role, according to the latest FSB Small Business Index (SBI).

The recovery has been spurred by increased international trade. More than two thirds (69%) of exporters surveyed in the region state that international sales have been steady or increased in Q1. The vast majority (85%) expect this trend to continue over the coming three months. 

 The recovery in confidence comes despite a surge in the cost of doing business. Seven out of ten (70%) small firms across the North West report a rise in operating costs over the past quarter.

Commenting on the growing importance of export for small firms, Phil McCabe, Development Manager for FSB Merseyside, West Cheshire and Wigan, said:

“The International Business Festival returns to Liverpool in 2018 for the third time and will again be a fantastic opportunity for businesses to forge links with these overseas markets and explore exporting as a major route to growth.”