SME’s make up 99% of the UK’s 5.2 million businesses. As I’ve said many times before SMEs are the lifeblood and the future of the UK economy.
It is encouraging then to see that according to their latest Entrepreneurs Index, produced by Barclays and the Business Growth Fund, the number of start-ups in the UK rose by 3.7% in the second half of 2014 – the second highest increase since the Index was first published in 2012. The total number of active companies in the UK now stands at 3.14 million. The Index also revealed that the number of 18-64 year olds starting their own business was up by an impressive 8.6%.