What is superpowering Britain’s SMEs?

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The whole nation has seen a surge in SMEs, but we dug a little deeper to find out what was driving growth in seven UK cities: London, Leeds, Manchester, Birmingham, Liverpool, Newcastle and Hull.

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SME growth was highest in Manchester (50%), London (41%) and Leicester (36%). So what superpowers are driving these SMEs forward? Our research found that growth is being fuelled by a number of emerging sectors. Nationally, these include film and TV production, machinery repair, and healthcare. At a city level other hot sectors were mobile food services, education support and healthcare activities.

We also found that SMEs are attracting highly qualified staff; SMEs with between two and 49 employees are now more likely on average than large businesses to have employees trained to degree level.

Download the full report here..

To celebrate the success of Britain’s SMEs, we’ve teamed up with entrepreneur Tim Campbell, winner of the first series of BBC’s The Apprentice. Together, we are on a mission to highlight how important SMEs are to the British economy.0E1A8327_resized

Tim Campbell said: “SMEs are fundamental to Britain’s economy. Not only do they inject a substantial amount of money into local economies, they create significant jobs throughout Britain.

“Throughout my career, I have witnessed many remarkable SMEs grow into new markets before going on to flourish and prosper. Their capabilities should be recognised and celebrated. So I’m thrilled to be working with npower Business to get SMEs the recognition that they deserve.”

Like what you’ve read? Why not join us on twitter @npowerbusiness #energytogrow and LinkedIn at npower Business

 

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