Business start-up advice
Small and medium businesses are vital to our economy. In 2021 they had a combined turnover of £2.3 trillion. Businesses with fewer than 10 employees - classed as microbusinesses - contributed the most, at £953 billion. While this is a significant figure in itself, it’s even more impressive when you consider that it amounts to a whopping 52% of the private sector’s overall turnover.
SMEs make up around 99% of all the businesses currently operating in the UK, employing millions of people, which means their collective successes and failures have an enormous impact on the UK economy. So it’s no surprise that SMEs are generally seen as the key engine of growth and sustainability.
Small businesses account for a huge 99.5% of the businesses in every main sector. So, whatever business you are thinking of starting, if you bring the passion, we can point you in the right direction to get appropriate help and advice.