|
Over 99 per cent of all enterprises in the UK are SMEs, new research has suggested.
Statistics published this week by the Department of Business, Enterprise and Regulatory Reform (DBERR) revealed that 99.3 per cent of UK businesses are made up of fewer than 50 employees each.
Some 73 per cent - around 3.3 million people - were found to be self-employed owner-managers with no employees.
The healthy rate of company formation was also found to be crucial to the good health of the UKs economy.
Small firms accounted for 47 per cent of all UK employment - and nearly 40 per cent of turnover.
Matt Thomas, editor of Startups.co.uk, commented: "Were forever hearing how risky it is to start a business and while its undoubtedly a huge undertaking, a growth in the business population combined with a steady start-up rate shows more people than ever before are surviving those difficult early months or years.
"Our prospering start-ups, sole traders and small business owners are providing a much-needed shot in the arm for the UK economy and, just as importantly, are proving that starting your own business is now a viable career option for school leavers, city bankers, single mums and retired couples alike."
Mr Thomas comments come in the same week as research by Lloyds TSB, which indicated that the typical UK business start-up is surviving longer.
See copyright notice
| Other
Top Business News Stories |
|
Business
News 
