Small Business Influence in the United Kingdom

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Here’s more evidence of the power of small business across the globe.

U.K. Businesses 2003
A just-released report by the Small Business Service (PDF download) in the United Kingdom shows that small and midsize enterprises (SMEs) constitute the vast majority of businesses there — 99.8%.

That’s more or less equivalent to the situation in the United States, where small businesses make up 99.7% of total businesses.

As the chart above shows, SMEs account for over half (58.2%) of the employment in the U.K. They account for 52.4% of turnover (revenue).

[Hat tip to ByteStart, via Just for Small Business].

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Anita Campbell - CEO


Anita Campbell Anita Campbell is the Founder and Publisher of Small Business Trends and has been following trends in small businesses since 2003. She is the owner of BizSugar, a social media site for small businesses, and also serves as CEO of TweakYourBiz.com.

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