Tag: small business

Small business employment up by more than 1.6 million

There are over five million small businesses in the UK, generating £1.2 trillion for the economy. Since 2010, private sector employment has grown by nearly 2.5 million and small businesses accounted for 65 percent of this. These figures demonstrate the contribution small businesses have made to the nation’s record employment rate of 73.7 percent.

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Flourishing small businesses helping to turn productivity tide

Two-thirds of UK small businesses have taken steps to improve productivity over the past year and exactly half now expect their output to grow over the next two years. The news follows years of falling British productivity in comparison to the United States and Europe. The new figures came to light in a new report launched by Albion Ventures, one of the largest independent venture capital investors in the UK.

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