SMEs are not only a highly important aspect of the UK economy, representing more than 49% of all economic activity.
Albany, NY -- (SBWIRE) -- 01/05/2018 -- Based on small business in UK, a comprehensive and insightful report titled "Small Business Overview - UK - December 2017" has been added into the vast database of Market Research Hub (MRH) that offers an overall analysis of small businesses operating in the UK. According to the informative report, the small and medium enterprises play a key role in the growth of UK economy with activity of more than 49% and growth of 21% in the last five years.
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The informative report begins with an executive summary providing readers with key information and market related numbers. The executive summary sections contains range of data such as SME turnover development from 2013 to 2017 and importance of SMEs by sector and region 2017.
The study offers introduction with definition of SME along with key insights on small business in UK in terms of SMEs importance and factors influencing SMEs. The readers will find information on the role of SMEs in the UK economy, forecast GDP development 2017-22, UK GDP quarterly development 2004-17,
inflation, house prices, interest rates, consumer spending, manufacturing, business investment, imports exports which can be very useful for new entrants.
For thorough analysis, the study divided SMEs in UK into different segments which are sector, industry and regional. The sector segment has been further divided into size of company, activity and legal status. The industry segment is sub-segmented into private, sole traders, micro companies, small companies and medium size companies. The regional segment is bifurcated into North East, North West, Yorkshire & the Humber, East Midlands, West Midlands, East of England, London, South East, South West, Wales, Scotland and Northern Ireland.
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The report discusses factors affecting SMEs in the UK and shares its analysis on Brexit in terms of its impact on SMEs in the UK. According to the report, the new technology as well as internet help in increasing market potential for SMEs in the UK. The study has provided data in regards to internet usage globally by region from 2010 to 2017. The study also shares range of internet usage related data in terms of proportion of businesses with Internet access, by size of company and type of connection. The report also discusses SME related R&D tax credits in terms of Claims and R&D expenditure for the SME R&D tax credit.
The research methodology of the small business overview report of UK is based on forecasts that focuses on the economy, technology, trends and population in UK which are analyzed thoroughly.
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