SME

Small businesses are the backbone of our economy, providing jobs and driving growth. They are the most important type of business in the United Kingdom, with an estimated 5 million businesses having fewer than 50 employees each. The term "small business" refers to a company that has fewer than 250 employees, however, this definition is broad and encompasses a diverse range of businesses from one-person operations to those with hundreds of employees, from home-based businesses to those with offices or industrial spaces. Small businesses are also family-owned or operated, but some larger ones may be owned by shareholders who live all over the world. They are an integral part of the economy and play a vital role in driving economic growth and prosperity.

• Are small businesses on the brink of going bust?
  In a worrying sign of how small businesses are struggling, according to a...
• Are SMEs recognising the benefits of digitalisation?

  
  According to the Enterprise Research Council, even before the Covid-19 pandemic gripped

  ...
• How small businesses are turning the tide on tech
• How to grow your business and help it thrive
  According to the...
• March 2023 Budget Announcement: Implications for Business Owners

   
  Spring Budget 2023: Key Takeaways for Businesses

  
  Chancellor Jeremy...
• Nearly 500,000 small firms ‘at risk of going bust’

  May 2022
  Federation of Small Businesses calls on Rishi Sunak for more support to deal with

  ...
• SME Employers UK 2020 Longitudinal Small Business Survey: SME Employers (businesses with 1-249 employees) – UK, 2020...
• The 5 biggest challenges affecting SMEs
  The global economic outlook is pointing to a number of difficulties for businesses, not...
• The top 5 sources of business advice and support

  Getting vital business support and advice can help your business growth and

  ...