The scale of micro and small businesses in the UK 99.9% of UK businesses are small or medium sized. 95% are micro-businesses (0–9 employees). Together micro, small and medium sized businesses employ 16.7 million people (61% of total private sector employment). Source: Department for Business and Trade (DBT), Business Population Estimates for the UK and Regions 2023 – Published October 2023. 🔗 Business Population Estimates 2023 – Gov.uk Time spent finding information and administration burdensContinue reading “UK statistics”
Tag Archives: Technology
UK geographic regions where micro and small businesses are most disadvantaged
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 productivity gaps compared to national average.● Rural and semi-rural areas face broadband connectivity limitations, affecting digital adoption.● Lower levels of privateContinue reading “UK geographic regions where micro and small businesses are most disadvantaged”
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. Why is Business 111 being launched? Running a micro or small business can be isolating and overwhelming, especially when urgent questionsContinue 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 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)”