Britain’s SMEs have an immensely important role to play

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According to the government’s Dept for Business Innovation and Skills

In 2011 there were 4.5 million small and medium enterprises in the UK:

SMEs account for 99% of all enterprise in the UK

SMEs provide 58.8% of private sector employment

SMEs deliver 48.8% of private sector turnover

SMEs employed an estimated 13.8 million people

SMEs have an estimated combined annual turnover of £1,500 billion

SMEs who function well can each play a part in offering Britain’s workless individuals and households (chart below) the chance to make a contribution to the economy.

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