Some businesses which are unable to access fast broadband may relocate to improve their web connection, it has been reported.

A study conducted by the Federation of Small Businesses (FSB) indicates that 24 per cent of small companies are currently unhappy with their services and 13 per cent would consider moving to improve their internet access.

Worryingly for ISPs, some 63 per cent claimed that they are unhappy with the speed and reliability of services offered by their broadband provider.

Commenting on the findings, FSB National Chairman John Wright said the online world "is crucial to small business development", especially as small firms look to grow and expand.

He explained: "Small businesses, particularly in rural areas, have been promised action to deal with slow broadband and the 'notspots' – where there is no broadband access – but they have seen little action.

"These figures show that the broadband service provided to small firms is letting them down."

Last week, the Conservative Party vowed to provide 100Mb broadband to the majority of the UK by 2017, however concerns have been raised over the funding arrangements for this project.