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Scottish small businesses upbeat on economy report surveys

07/05/2010

Entrepreneurs and small businesses in Scotland are remaining upbeat despite planned cuts in public spending and uncertainty over the political landscape according to two respected financial institutions reports The Herald.

Accountancy firm Baker Tilly questioned a number of directors to gauge their views on the year ahead and over two thirds of respondents predicted their company will see an increase in sales over the next year – a figure significantly up on this time last year when only one fifth of those questioned gave a similar response.

Meanwhile a survey from HSBC Private Bank of 103 business owners in Scotland found that 68 respondents felt the current economic situation was an opportunity that ‘was too good to miss’ whilst just over half of those questioned felt they would have no hesitation in establishing new ventures in Scotland if push came to shove.

The country also faired much better than its counterparts further south with 43% of respondents felt Scotland was a much more attractive business base than England and Wales.

This is all great news for the Scottish economy whilst the political state of the country is still in limbo given the results this morning.

For small businesses looking to establish themselves in Scotland, Abbey Business Centres operate three serviced office business centres in the country – two in Glasgow and one on Princes Street in Central Edinburgh.

For further information or to arrange a viewing of our Scottish serviced offices, call us today on 0800 634 6346 or email info@abbeyoffices.com