Enterprise research and knowledge

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Local businesses are key to sustaining vibrant communities, as they are the main source of employment, training and economic growth.

These key stats and our own publications and reports below, demonstrate this.

  • Small firms accounted for 99.3 per cent of all private sector businesses in the UK, 47.8 per cent of private sector employment and 33.2 per cent of private sector turnover. Source: www.fsb.org.uk/stats

  • Small and medium sized businesses employed 15.2 million people and had a combined turnover of £1.6 trillion. Source: www.fsb.org.uk/stats

  • The European Commission’s SME Performance Review estimates the Gross Value Added of SMEs as €473 billion or 49.8% of the UK economy. Source: www.parliament.uk