New analysis reveals the importance of SMEs to the British economy

New research reveals how important small and medium enterprises are for the British economy, as businesses that employ between one and 249 employees contribute more than £2 trillion in turnover and employ 44% of the British workforce. The study by marketing training hub School of Marketing analysed the latest ONS and government data on the number of small and medium enterprises in 2021 to see which regions and industries are powered the most by SMEs. Analysis of the industries revealed that the Hospitality Industry has the highest proportion of SMEs…

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