The number of small and medium sized businesses (SMEs) in the office administration and business sector has grown by 76 per cent in the past five years, making it the top industry for SME growth according to a new study from specialist challenger bank Hampshire Trust Bank.
- Biggest SME growth sectors revealed by Hampshire Trust Bank
- Office admin and business support is top industry for SME growth
- Transport and distribution SMEs are the most optimistic about their industry long-term
The annual research reveals that the number of SMEs has grown in total by 23 per cent from 2011 – 2016, with human health services, followed by motion picture, video, TV, sound recording and music publishing the second and third biggest growth sectors respectively, having both experienced a 50 per cent rise in the number of SMEs in the past five years.
The study, conducted in partnership with the Centre for Economics and Business Research (CEBR), analysed the top 30 micro sectors in the UK to establish which are growing the most. The study reveals that service-led industries have grown strongly over the past five years.
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