Small Business Influence in the United Kingdom

Here's more evidence of the power of small business across the globe.



U.K. Businesses 2003

A just-released report by the Small Business Service (PDF download) in the United Kingdom shows that small and midsize enterprises (SMEs) constitute the vast majority of businesses there -- 99.8%.



That's more or less equivalent to the situation in the United States, where small businesses make up 99.7% of total businesses.



As the chart above shows, SMEs account for over half (58.2%) of the employment in the U.K. They account for 52.4% of turnover (revenue).



[Hat tip to ByteStart, via Just for Small Business].