Small firms call for shopper support on eve of Small Business Saturday as turnover tops £2 trillion

Friday December 6th, 2019

With tomorrow marking the seventh celebration of Small Business Saturday UK, FSB is urging all shoppers to get out and spend with independent firms.images

The event is being celebrated against a backdrop of a rise in the number of smaller businesses operating across the UK to 5.8 million last year; combined turnover and proportion of private sector workforce employed also rose to £2 trillion and 60% respectively.  

Meanwhile, high streets across the UK face challenging conditions, with retail sales growing by just 0.2% in October, the slowest increase since April 2018.

FSB’s latest Small Business Index shows that just one in three (33%) smaller retailers expect their prospects to improve over the coming three months – well over half (58%) expect performance to worsen.

FSB National Chairman Mike Cherry said:

“It’s lucky number seven for the fantastic Small Business Saturday and we’re edging ever closer to our first £1 billion spend. 

We’re calling on all shoppers to forget Black Friday and get behind this unique celebration of independent businesses.

When you back a small business in your local community, you’re much more likely to see your money re-spent nearby than if you handed it over to a big corporation –
through local job creation, purchases from other businesses and investment. 

With a general election just days away, it’s more important than ever that candidates get out to meet small business owners in their constituencies in order to understand the challenges we face. There are millions of us – and FSB is urging every one to head to the polls on Thursday.” 

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