More than a quarter of Scots businesses expect to shrink, figures show

The Federation of Small Business said the survey showed the need for government to take urgent action to ‘kickstart the economy’ (Danny Lawson/PA) - (PA Wire)

More than a quarter of Scottish small business expect to shrink over the coming year, the Small Business Index (SBI) has found, as it reported its second-lowest quarterly revenue results in its 15-year history.

The survey, from the Federation of Small Business (FSB), showed that 29.1% of small businesses expect to contract over the next 12 months, compared to just 6.4% which expect to grow.