The Department for Business, Innovation and Skills has revealed an annual increase of 146,000 new small businesses in the UK economy, bringing the total number to a record 5.35 million. Small businesses make up 99.3% of all businesses in the UK, generating £1.2 trillion in turnover and accounting for 48% of private sector employment. The increase in small business numbers shows that the entrepreneurial spark is alive and well in the UK. The key is to continue to encourage people to take the plunge and set up their own business by providing business support that will help them grow and meet their aspirations.
This also means that small businesses should be given a fair chance to compete against larger companies. The online B2B rating service puts many small business in its top 20 list at https://gibli.com/top-20