Small businesses with less than 50 employees employ 12.9m people (48 per cent of total private sector employment) and account for 36 per cent of private sector turnover. The Small Business Price Index (SBPI) provides an indication of the cost of doing business among this critical group of firms. The SBPI suggests that small business… Read more

It has often been suggested that smaller firms – especially more risk averse family-owned firms – may be reluctant to invest in new technologies or innovation. The Evolve Digital scheme, a business support programme for family run businesses, was developed through 2019 to address this issue. Evolve Digital was implemented as a Randomised Controlled Trial (RCT)… Read more

The State of Small Business Britain report is the Enterprise Research Centre’s annual review of trends affecting small and medium-sized enterprises (SMEs) in the UK. The report discusses the findings from research and analysis carried out and/or published by the ERC in 2021. The COVID-19 pandemic has continued to dominate the research agenda this year,… Read more

Financial Times: Starting a business in the midst of a pandemic  Business Fast: Starting a business in the midst of a pandemic  Bdaily: Major initiative calls on Midlands businesses to prioritise mental health and boost productivity  Love Business: Major initiative calls on East Midlands businesses to prioritise mental health and boost productivity  H&W Chamber: The… Read more

Over 40% of UK’s small and medium-sized firms report COVID-related hit to turnover, while 3 in 10 forced to cut jobs Around 200,000 firms could be close to collapse based on analysis of those trading insolvently or running out of cash But a fifth of firms report positive impacts from the pandemic, with many embracing… Read more

BEIS have now published the latest ‘LEP Outlook’ report, which provides a comprehensive assessment of economic performance across all of the LEPs in England, based on data brought together by the ERC and Technopolis. The data is in the form of 83 indicators aligned to the foundations of the Industrial Strategy. The research consists of 3 main… Read more

• The Enterprise Research Centre has secured funding for three further years of rigorous research into SME growth and entrepreneurship The Enterprise Research Centre has secured funding for three further years of research on the state of entrepreneurship and SME growth in the UK. The ERC, a network of researchers with a core team based at Aston… Read more

• People from ethnic minority backgrounds and immigrants to UK are twice as likely to be early-stage entrepreneurs  • New Global Entrepreneurship Monitor (GEM) findings show gap has widened sharply since financial crisis of 2008 • Women, younger people, ethnic minority groups and migrants more likely to be motivated by ‘creating meaning’ as well as making money when… Read more

 Two-year project will learn lessons from 3,000 of Europe’s most resilient firms to spread best practice  Focus on under-represented groups will seek to understand how entrepreneurs overcome barriers With 70% of European jobs in SMEs, study is seen as vital pre-Brexit to cushion economic fallout A new study on business resilience in five European countries will draw up… Read more

● Number of new firms being started falls by 13% across the UK – with much sharper declines in many parts of England, Scotland and Northern Ireland ● Firms achieving sustained rapid growth and productivity gains remain a small minority ● ‘Warning signs’ highlight dangers for job creation from ongoing uncertainty around Brexit The number of new… Read more