New estimates from the Department for Business, Energy and Industrial Strategy have shown that the number of small to medium sized enterprises (SMEs) in the UK is increasing rapidly, growing by almost 200,000 in the last year.
The article demonstrates how UK SMEs are contributing to over half the turnover for private sector businesses, and how they offer employment options.
This news reflects the admirable ‘entrepreneurial spirit’ of the UK and how new businesses continue to thrive across the nation despite the current changeable environment. Close Brothers will be here to support business growth and aid these new businesses to grow in their successes.
The number of small and medium-sized businesses (SMEs) in the UK have reached a record high of 5.7 million