Small businesses are in favour of the UK remaining part of the EU, according to the Federation of Small Businesses (FSB).

The FSB found that 47% of its members would vote 'Yes' to keep the UK in the EU if the referendum took place today, with 40.9% saying they would vote 'No'. And 10.7% were undecided.

Businesses that export to the EU were, unsurprisingly, the most likely to vote 'Yes', with more than two thirds saying they wanted the UK to remain in the Union. Employers of EU nationals (60.7%), Scottish business owners (59.9%), importers from the EU (56%), London business owners (55.4%), Northern Irish business owners (54.2%), female business owners (51.3%) and business owners in the North East (51.3%) were among the most likely to vote 'Yes'.

Those who voted 'No' in the 1975 referendum would do so again this time around. At 86.3%, it makes them the most likely group to vote 'No'.

East Midlands (48.7%), Yorkshire (47.8%) and West Midlands (47%) business owners were also likely to vote 'No'.

Mike Cherry, FSB Policy Director, 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.

“This is only the beginning of our work to support our members throughout this complex debate. Our role will be to ensure the small business voice is heard in the discussion, and that our members have all the information they need to make a decision which is right for them and their business.”