FOR IMMEDIATE RELEASE
Entrepreneurial spark is alive and well, says FSB
Commenting on the Business Population Estimates released by the Department for Business, Innovation and Skills, John Allan, National Chairman for the Federation of Small Businesses, said:
“Today’s statistics show an annual boost of 146,000 new small businesses to the UK economy, bringing the total number to a record 5.35 million. It underlines the importance of small businesses as creators of employment and growth. They make up 99.3% of all businesses in the UK, generating £1.2 trillion in turnover and accounting for 48% of private sector employment.
“The increase in small business numbers shows that the entrepreneurial spark is alive and well in the UK. The key is to continue to encourage people to take the plunge and set up their own business by providing business support that will help them grow and meet their aspirations.
“Small business confidence will be crucial in driving the economy and job creation. To do this, they need further reassurance from Government and policymakers that they will back them, rewarding their risk taking while minimising the burdens that will hinder their growth.”
Area Administrator - North & Midlands
The Federation of Small Businesses is the UK's largest campaigning pressure group promoting and protecting the interests of the self-employed and owners of small firms. Formed in 1974, it now has around 200,000 members across 33 regions and 188 branches.
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