Business start-up advice
Small and medium businesses (SMEs) are vital to our economy. As of October 2024, there were over 5.48 million SMEs in the UK, compared to just 8,250 large businesses, providing around 16.7 million jobs and generating an annual turnover of £2.4 trillion.
Microbusinesses (less than 10 employees) make up 90% of all enterprises in the UK and 63% of businesses in the data-driven market. Collectively they account around 33% of total employment (about nine million jobs) and contribute 21% of the UK's total economic turnover.
With these statistics, it’s no surprise that SMEs are generally seen as the key engine of growth and sustainability. You will find them operating 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.