Small Business Owners are Vital to the UK Economy
Here in the UK we rely on small to medium businesses like your own as they’re such a vital part of our economy. Last year there were 5.7 million businesses in the UK and more than 99% of these were small or mediums sized businesses (employing 0 – 249 people). A massive 5.5 million businesses were micro-businesses employing fewer than 10 people but accounting for 33% employment and 22% of turnover. When it comes to business launches, 414,000 new businesses launched in 2017, compared with 328 business closures, meaning that business is still on the increase.