Growth in small businesses slows by 40% during difficult decade

Posted on 1 Feb 2024 by The Manufacturer

Small business growth in the UK has slowed over the last decade, hindered by Brexit, COVID-19, and geo-political tensions.

This is according to a new report by the Enterprise Research Centre, which reveals the proportion of small firms that were expanding their workforce fell 40% between 2012 and 2022. The report also warns that the support available to small and medium-sized enterprises (SMEs) is also currently insufficient and too fragmented. In particular, SMEs need…

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