● 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 small businesses, which, despite that, are often underserved. SME Insights Report 2023 (Simply Business) An average of 12 hours per weekContinue reading “Business Population Estimates 2023 (Department for Business and trade)”