Rebalancing the economy: Unlocking the potential of the fastest growing smaller companies in the UK.

 

This is the third Octopus High Growth Small Business Report. The UK’s high growth small businesses (HGSBs) have the power to drive the UK’s economy, increase productivity, skills and employment. They make up less than 1% of UK companies, yet in 2016 they accounted for 3% of total UK jobs, creating an average of 3,000 new jobs every week.

 

Three out of five HGSBs are located outside London and the South East and are a vital part of the regional economy wherever they are found. Our findings highlight the need of HGSBs for skilled labour and high-quality infrastructure. No region of the UK can afford to be left behind, and in this report we have outlined the importance of HGSBs in helping to deliver the Government’s aims and objectives, as set out in the Industrial Strategy.

 

Access the full Cebr report here.

 

Contact:
Beatriz Cruz
+44 (0) 20 7324 2873
bcruz@cebr.com