Study Highlights Business Views on EU Membership

It is vital that British businesses are well informed about the implications of leaving the EU if the proposed referendum on the UKs membership of the EU is to be effective and give the best result for business and the economy. 

22/09/2015, news

A new member study by the FSB on small business opinion on the UKs membership of the European Union found that 1 in 3 small businesses did not feel fully informed about the EU from a business point of view.  The research looked at what members think about the UKs membership of the EU and how a vote to leave or remain in the EU is perceived to impact them and their business. The in depth study examines current voting intentions alongside small business views on EU reform, and provides a unique insight into regional and national voting preferences.

The study found that overall 47% of small businesses are in favour of remaining in the EU and 40.9% would vote to leave the EU. 10.7% were undecided. Those most in favour of remaining in the EU were exporters to the EU of which 66.3% would vote to remain. There were also a greater proportion of Scottish businesses with 59.9% voting yes while English voters were much more divided at 45.1% voting yes and 43.1% voting no.

Mike Cherry the Policy Director at the FSB said:

"The study attempts to understand current attitudes towards EU membership among our members. This research is a vital starting point in outlining the key issues and areas of concern for small businesses in the EU referendum debate. Regardless of what a firm's current position is, there is a shared message that small businesses feel they lack clear, impartial information on which to form their views.”