– A micro firm is one with 1-9 employees.
– A small firm is one with 10-49 employees.
– A medium firm is one with 50-249 employees.
– A large firm is one with 250+ employees.
– Over 99% of all firms in the UK are small.
– Small firms contribute over 50% of the UK’s gross national product.
– Small firms employ 58% of the UK’s private sector workforce – almost 12 million people.
– 65% of commercial innovations come from small firms.
– There are 4.3 million micro, small and medium sized businesses in the UK.
