UK Small Business Population Hits Record 5.4 Million
The UK’s small business community has exploded according to the latest government statistics, which noted a record high 5.4 million private-sector firms this year – a 146,000 increase on 2014. And, according to the Business Population Estimates report, small and medium enterprises currently generate over £1 trillion turnover to the UK economy. In total small and medium businesses make up 99.3% of the entire UK business population, and the reported 146,000 growth – which is the net annual change, and accounts for start-ups and closures – indicates that more businesses launched this year than closed. The data also found that there has been a rise in medium-sized businesses (50 to 249 employees) and sole traders in 2015. There are now 1,000 more medium enterprises recorded at the start of 201... »
