February 26, 2016

Please reload

Recent Posts

5 Reasons You Might Need a Business Coach

March 3, 2016

1/3
Please reload

Featured Posts

SME & Proud! The Contribution of SMEs to the UK Economy

March 2, 2016

 

I started my first business when I was 12, a car cleaning round servicing the neighbours on the street where I lived in a suburb of Chesterfield.

 

I’ve subsequently, started 5 other businesses in my career, some didn’t work out so well but I’m pleased to say that others have thrived. So I’m obviously an SME entrepreneur at heart and what’s more I’m proud to be one. I’m proud to be part of a large, but unique, group of people who are the innovators, the risk takers and the job creators in this country.

 

There are over 4.9 million SME businesses in the UK providing 8.1% of total jobs in economy, that’s 23.4 million people. In fact large companies and corporations only account for 0.4% of all the private sector businesses based here in the UK - and here are some more facts about SMEs that you might not be aware of:

 

We have combined turnover of £3,3bn

We export over £1.1b of our products and services

We are responsible for employing 24.3 million people

We file over 6,000 European patents a year

18% of SMEs are female led

Female led SMEs contribute £50bn to the economy

SMEs are growing successfully 10% reported growth over the last year

400,000 SMEs reported growth of over 50%

 

The evidence is clear, the contribution made by Small Medium Size Enterprise to the UK Economy is immense. SMEs are not only the backbone of UK economy but are also the driving force.

 

There are more SME businesses in the UK than ever before and there are more businesses starting up than ever before. However 50% off all start-ups fail within the first 5 years. That’s why it’s important that SMEs get the support they need to help them flourish and prosper.

 

Need some help?

If you feel you need some support with your business growth challenges please get in touch, we would be more that happy to help.

 

 

Source:

The Telegraph – The Importance of SME’s to the UK economy / Federation of Small Businesses / BIS / Citrix Report

Share on Facebook
Share on Twitter
Please reload

Follow Us
Please reload

Search By Tags
Please reload

Archive
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Sign up to our monthly newsletter to receive all our latest news and views:

Locations
Please reload

Read our latest blogs
Coventry
Warwickshire
Birmingham
West Midlands
Herefordshire
Staffordshire
Shropshire
Worcestershire
Nottingham
Leicestershire
Lincolnshire
London
Others on request
Contact us
1 Fancott Drive
Kenilworth
Warwickshire
CV8 1RW
Tel: 07736 611325
Email: tim@pure-consultancy.co.uk
  • Grey Twitter Icon
  • Grey LinkedIn Icon
  • Grey Facebook Icon
Sign up to our newsletter