Socio Economic Growth in UK - PDF

Entrepreneurship
Task 2
Presented by
(Name of Student)

Interpret and assess relevant data and statistics to illustrate
how micro and small businesses impact on the UK economy
• Micro and small
businesses:
• Employees constituted with less than 250
employees
• 5.4 percent million of SMEs in UK
• Employability opportunity 32%
• Rate of Employee turn over 19%
• 60% employment in UK is surrounded with
SEMs
• 1.18 trillion annual turn over based on UK Small
and medium enterprises

Impact of Small Business on UK
economy

Impact of Small Business on UK
economy
• SMEs are providing 15.2 million job
opportunity to the employees
• Data shows in comparison to large and
medium enterprises UK SMEs are
raising their heads gradually
• The number of employee recruitment
has been increased up to 50%
• Number of GDP contributor has
become high
• Rate of inflation has been decreased
with the growth of SMEs in UK
• Positive impact on overall growth of
UK economy