Federation of Small Business

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FSB was originally known as the National Federation of Self-Employed (NFSE). It was founded in 1974 by Norman Small in response to the introduction of Class 4 National Insurance contributions, which represented an additional tax burden on the self-employed and the owners of small businesses.

Small invited anyone affected by the new tax to attend a meeting in his home town of Lytham St Annes. At that meeting he put forward the idea of an organisation designed to promote the voice of the self-employed.

Similar meetings in other parts of the country followed and within nine months the NFSE had a membership of 25,000 with 200 new members joining every day.

The current name for the organisation was adopted in 1991.

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