Confidence levels among small businesses in the South East have greatly improved from the last quarter. The initial impact of COVID-19 dramatically reduced confidence levels in Q1 2020, however now with the forthcoming easing of lockdown restrictions, confidence levels have improved and are rising.
Despite this increased confidence, the South East scores lower than most regions for confidence when compared to the rest of the country, with only London being lower at 13%. As such, small businesses in the South East are less confident than the national average, which stands at 27%.