Small Business Overview - MBD report - November 2018

Author: Dawn Southgate

Overview of the report

"Over 99% of companies in the UK are small businesses. There are more than 5.7 million and they account for 34.5% of the overall economy, at £1,428.4 billion. They also account for 39% of all employment in the UK. In the last five years, their overall turnover growth has outperformed large corporates - at 19.4% compared with 14%, and their combined turnover is more than double medium-sized enterprises. However, they form a notoriously difficult sector for B2B marketers to target because of their disparity.”

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