Small businesses are the backbone of commerce in the UK. According to GOV.UK, there are around 5.47 million businesses in the UK with 0 to 49 employees, making up more than 99% of all businesses in the private sector.
These businesses are the key drivers of growth and innovation – they account for over half (52%) of the private sector’s overall turnover and their growth directly affects the UK’s economy. They’re also instrumental in supporting local communities and are central for recruitment, too, creating jobs for millions and increasing employment rates across the country.
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