Small businesses are a growth engine for the UK economy, employing 61% of the private sector workforce (16.8 million) and generating 52% of turnover. Yet 50,000 go out of business each year due to cash flow problems. Good Business Pays is calling on businesses to sign up and show their support.
National Enterprise Network (NEN), representing the country’s enterprise agencies and enterprise support organisations, across the country has written to the Secretary of State for Business reminding him of the importance of providing regional advice and support for start-ups and all the small businesses that do not fall into the definition of ‘growth businesses’