By Daniel Hunter

Small businesses in the UK are heading into election year with confidence higher than ever, according to the yearly business confidence report from global workspace provider Regus.

Based on the views of business owners and senior managers across the UK, the ninth edition of the Regus Business Confidence Index (BCI) - which is heavily based on actual performance over the last 12 months - reveals a 6 point rise from 113 points to 119.

Announced to coincide with Chancellor George Osborne’s Autumn Statement, the results paint a picture of positivity and growth as the UK gears up for the 2015 general election. The report reveals that 60% of small businesses saw a rise in revenues in the past year, and 56% of saw profits grow.

New ways of working are helping businesses to grow. Over a quarter of the UK's small businesses (29%) increased their flexible working options for staff over the past twelve months.

Richard Morris, UK Managing Director at Regus, said: “The UK’s small firms do not seem concerned with 2015 election uncertainty — far from it. These are some of the most robust business confidence figures we’ve ever announced.

“Clearly, flexible ways of working — particularly in relation to the physical workspace - are playing a significant role in this UK success story. Companies are managing growth carefully, with many recognising that full-time, permanent office space with its associated long-term leasing is no longer the only option. Remaining agile helps business secure and retain top talent, and keeping overheads low is vital to sustainable business growth.”

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