Number of small firms has increased, study finds

Each small business was worth an average of almost £130,000 to the UK economy in 2012 and the sector contributed 52% of private sector Gross Value Added (GVA), according to research by RSA. On top of this, the number of small firms starting up has increased by 35% over the past ten years, while the number of large firms fell by 11% over the same period. Tara Kneafsey of RSA said although small firms were increasing in number they still needed ongoing Government support for every stage “from inception through to growth”.

Read more on the research at:
http://news.rsagroup.com/pressrelease/view/1249

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