Statistics revealed by the Small Business Group has shown a rise in entrepreneurs in the UK with around 146,000 new small businesses set up over the past year. This means that there is a record of 5.4 million private sector businesses – this is the largest figure to date.
Further figures demonstrate that small businesses make up 99.3% of all private sector businesses following a release from the Department for Business Innovation and Skills, who also confirmed a UK employment number of 15.6 million individuals.
This report reveals staggering growth in the UK small business sector and also how importance these are for growth and employment purposes. Further figures provide evidence that 76% of small businesses were Contractors or Freelancers making it one of the UK’s largest segments.
National Chairman for the Federation of Small Businesses (FSB), John Allan commented:
“The key is to continue to encourage people to take the plunge and set up their own business, by providing business support that will help them grow and meet their aspirations”.
“To do this, they need further reassurance from government and policymakers that they will back them, rewarding their risk-taking while minimising the burdens that will hinder their growth”.
At Gorilla Accounting, our all-inclusive accountancy package which includes the use of our cloud bookkeeping software has been designed purely for on-the-go Contractors and Freelancers and is priced at just £85 + VAT per month. If you’re still unsure on why you should join Gorilla, why don’t you try our software for FREE, give us a call on 0330 024 0406 and one of our friendly specialist contractor accountants will be more than happy to set you up on a demo.
