UK Growth Dashboard reveals surprise landscape of SME growth in aftermath of the Great Recession
The UK Growth Dashboard 2015, a new study by the Enterprise Research Centre (ERC) in partnership with Business Growth Service looks at a range of indicators to shed new light on the health of small businesses and entrepreneurship across the whole of the UK. the report shows that, overall,small businesses have finally regained the ground lost since the Great Recession- with jobs, start up and growth rates returning to pre-crisis levels in 2014 for the first timer since 2008.It paints a much more complex picture of growth in the ‘grassroots economy’ than the usual caricature of a booming London and trailing provinces – with growth hotspots being found in every nation and region of the UK.
Professor Mark Hart, Deputy Director of ERC, said:
“The UK Growth Dashboard provides us with the most detailed picture of where entrepreneurial activity and business growth is occurring around the country.
“It shows us that small businesses in every corner of the UK are growing at their fastest rate since the Great Recession, while more and more entrepreneurs have the confidence to take the plunge.
“Nevertheless, there remain big regional disparities in entrepreneurship and small business growth. Equipped with the up-to-the-minute information contained in the Dashboard, we can see that some areas appear better at breeding success. At a policy level, this can help us create an environment for business to thrive throughout the country.”