These key stats and our own publications and reports below, demonstrate this.
9 out of 10 unemployed people who found work in the private sector (2008-2012) either work for an SME or started their own businesses. Source: www.fsb.org.uk
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