North East England ● Lowest business density in England (fewer businesses per 10,000 population).● High levels of economic inactivity and structural unemployment, reducing local customer bases.● Limited access to finance and private investment compared to London and the South East.(Source: DBT Business Population Estimates 2023, FSB regional analysis) Yorkshire and the Humber ● Persistent productivityContinue reading “UK geographic regions where micro and small businesses are most disadvantaged”
Tag Archives: Economy
Business 111 – Media Briefing Note
Q&A with Liz Barclay, Business 111 What is Business 111? Business 111 is a 24-hour digital navigation tool for micro and small businesses. We aggregate public and commercial information into clear, practical guidance and connect business owners to the right resources and contacts whenever they need them given the stage their business is at. WhyContinue reading “Business 111 – Media Briefing Note”
Business Population Estimates 2023 (Department for Business and trade)
● As of early 2023, there were 5.5 million private sector businesses in the UK.● 99.9% are micro, small or medium sized, with 95% being micro-businesses (0–9 employees).● Collectively these businesses employ 16.7 million people, which accounts for 6 in 10 of the total private sector employment.Insight:The UK economy is driven by micro and smallContinue reading “Business Population Estimates 2023 (Department for Business and trade)”