Consumers spent £717 million on small firms during last year’s Small Business Saturday, this was up 15 per cent against the previous year.

FSB national chairman Mike Cherry is happy to encourage shoppers to back their local firms, particularly when mounting financial pressures are forcing some small businesses to downsize or even shut up shop.

Michelle Ovens, director of Small Business Saturday, commented: “Small Business Saturday has become the biggest celebration of small businesses across the UK..

She added: “Our research shows over 90 per cent of small businesses believe they have an important role to play in their community – so let’s make sure we have their backs this weekend.”

The Credit Protection Association is always quick to offer support to SMEs, the undisputed backbone of our economy. While Black Friday was an opportunity for the large retailers, the upcoming Small Business Saturday will offer keen opportunity for SMEs to encourage business. We encourage all our Members to get involved in Small Business Saturday tomorrow, whether it’s as a business or as a consumer!