We created Small Business Heroes back in 2013 to celebrate the heroic efforts of the people behind SMEs.
Not enough was done to champion their efforts.
To this day they remain a cornerstone of British industry:
- Small businesses accounted for 99.3% of all private sector businesses at the start of 2018 and 99.9% were small or medium-sized (SMEs).
- Total employment in SMEs was 16.3 million; 60% of all private sector employment in the UK.
- The combined annual turnover of SMEs was £2.0 trillion, 52% of all private sector turnover.
- SMEs account for at least 99.5% of the businesses in every main industry sector.
We doff our hats to the UK’s small businesses and if you’re a small business owner, we wish you the very best of luck.
So until next time…