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07 July 2013

FSB predicts a hot weekend for small businesses

Reference number: PR 2013 34

FSB News Release
PR 2013 34
 
Embargoed to 00:01am Sunday 7 June 2013
 
FSB predicts a "hot" weekend for small businesses
 

As forecasts predict sizzling temperatures this weekend, the Federation of Small Businesses (FSB) expects the upturn in weather to have a positive impact on UK small businesses.

Recent FSB research from earlier this year found that more than half (55%) of UK small firms were impacted financially by the prolonged cold snap costing each business £1,580 in lost earnings.

Mike Cherry, National Policy Chairman, Federation of Small Businesses, said:
 
"This has been one of the coldest years in recent memory so the weather this weekend couldn''t have come at a better time. The mini heat wave will provide a boost to small business around the UK, especially those in coastal areas. We need people to Keep Trade Local and support local businesses that struggled as a result of the weather earlier in the year."
 
ENDS
 
Notes to Editors
 
1. The FSB is the UK''s leading business organisation with around 200,000 members. It exists to protect and promote the interests of the UK''s Real-Life Entrepreneurs, and all those who run their own business. More information is available at www.fsb.org.uk
 
2. The figures are based on a snap poll of FSB members, carried out by Research by Design, between 4 and 8 April 2013 which received 1,603 responses. To find out more visit www.fsb.org.uk/fsb-survey-panel
 
3. 55 per cent of 200,000 FSB members equals 110,000 businesses. If each of these businesses lost £1,580 the total cost would be £173,800,000 or £174 million.
 
Spokespeople are available for media interviews
 
FSB media contacts
 

Liesl Smith: 020 7592 8128 / 07917 628926 liesl.smith@fsb.org.uk
Sara Crane: 020 7592 8113 / 07595 067068 sara.crane@fsb.org.uk
James Gribben: 020 7592 8121 / 07854 897974 james.gribben@fsb.org.uk