Small Business Facts for the UK

How much do you think you know about small businesses in the UK in 2013? As a little respite for your coffee break, why not take a look at some recent small business statistics?

Did you know…

  • There are 4.7 million small businesses in the UK
  • 97% of firms employ less than 30 people
  • Over 500,000 people start up their own business every year
  • Small firms employ more than 58 per cent of the private sector workforce
  • 13.5 million people work in small firms
  • Small firms contribute more than 50 per cent of the UK turnover
  • 64 per cent of commercial innovations come from small firms
  • 11% of SMEs are start-ups (aged less than 2 years) (250,000 businesses)
  • 38% of SMEs are located in London and the South East (1,400,000 businesses)
  • 75% of businesses are majority owned by males (about 2,700,000 businesses)
  • 25% of businesses are majority owned by females (just over 900,000 businesses)