SMEs enjoying export growth and success, study finds

New research from the Federation of Small Businesses (FSB) has revealed that export activity is on the rise among UK small and medium-sized enterprises (SMEs).

According to the FSB’s latest Small Business Index (SBI), approximately 19.5 per cent of SME exporters enjoyed boosted export activity in the third quarter (Q3) of 2017, up from just 11.7 per cent of businesses that enjoyed export growth in the previous quarter (Q2).

The FSB also found a three percentage point increase in the number of new firms entering the export market between Q2 and Q3.

The study suggests that political uncertainty over Brexit is failing to hit overseas trade relations, and that Britain’s small businesses remain prosperous in the export market.

Despite the positive figures, however, separate research carried out by the FSB in recent weeks has revealed a noticeable fall in business confidence among UK SMEs.

Dave Stallon, Commercial and Operations Director at the FSB, said: “Despite this being a time when confidence within small businesses has dropped as a whole, exporting is an area of continuing growth for SMEs.”

His comments come ahead of the upcoming FSB Celebrating Small Business Awards 2018, which is currently open for entries and due to take place very soon.

“As the UK’s biggest business organisation, FSB will recognise the SMEs who are excelling in this area by giving an award,” Mr Stallon said.