Government Growth Dashboard

Small Businesses contribute to Economy’s Continued Growth

Government Growth Dashboard shows increase in small and mid-sized business turnover and profit in 2014 The government’s Growth Dashboard report has revealed improvements in the economy and employment in 2014, with small and mid-sized businesses accounting for 60% of employment and 47% of total turnover. Private sector employment was up 2.2 million and Gross Domestic Product (GDP) increased by 3% over the year. Furthermore the UK is the top EU country for attracting exports, with business investment growing by 26.1% from 2010 to 2014 and forecasted export growth of 2.4% in 2015. The study, released by the Department of Business, Innovation and Skills (DBIS), included reports by the Federation of Small Business that revealed small firms (less than 50 employees) witnessed a rise in both turno... »