July 27th, 2009

Small companies across the UK want to help drive our economy but lack the support they’re crying out for from the government. Small companies are often more flexible and are more capable of changing direction to follow consumer trends and the economic environment. Flexibility is more important than ever in the current climate’s twists and turns.

“We are told there are grants available, but when you apply for them, there are just so many hoops you have to jump through, you’d swear they really didn’t want to give you the money” said Tony Lees, owner of Dentanurse, while being interviewed by the BBC.

SMEs (Small and Medium Enterprises with less than 249 people) employ 13.5 million people in the UK, 59% of the private sector workforce. According to the Federation of Small Businesses, these companies account for 51% of UK GDP.

You can read the whole BBC article here

government grants, medium companies, small companies, SMEs, UK economy