News & blog

The number of private sector businesses in the UK has hit 5.4 million – a new record

The number of private sector businesses in the UK has hit 5.4 million – a new record – according to official figures published today (14 October 2015).

The Business Population Estimates also show the number of businesses that employ people has grown for the second year running, with 35,000 more at the start of 2015 than in 2014.

Small businesses continue to make up 99.3% of all businesses and generate over £1 trillion turnover for the UK’s economy.

Read the full Press Release here.