Entrepreneurial Ventures: Impact of SMEs on UK Economy and Intrapreneurship

Section 2
Unit-9 Entrepreneurial Ventures

Content
• Introduction
• Using relevant data and statistics, assess the impact of
different SMEs on the UK economy in different level
• Intrapreneurship creates competitive advantages
• Intrapreneurship creates competitive advantages in both
public and corporate organization in the UK context
• References

Introduction
• The term entrepreneurship is related to an individual
in which they creates or produce new and
innovative products.
• Their main is to make a appropriate change in the
society where they are working. an entrepreneur is
the one who is able to make the complete use of
their knowledge and skills in order to enhance the
business productivity.

Using relevant data and statistics, assess the impact of
different SMEs on the UK economy in different level
• There were 5.5 million small enterprises (with 0 to 49
employees) at the start of 2021, accounting for 99.2 percent of
all businesses. Smes make up 99.9% of the total business
population (5.5 million businesses).
• In the UK private sector, SMEs employ three-fifths of the
workforce and generate roughly half of all revenue.
• SMEs employed 16.3 million people (61 percent of the overall
workforce), with a turnover of £2.3 trillion (52 percent ).