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Small Business Overview - UK - December 2017

“SMEs are not only a highly important aspect of the UK economy, representing more than 49% of all economic activity, but have also outperformed the enterprise sector over the past five years, recording growth of 21% while enterprise growth has been restricted to just 8%.
– Terry Leggett, Senior Industrial Analyst

This Report looks at the following areas:

  • How important are SMEs to the UK economy?
  • Are there major regional differences in the importance of SMEs?
  • How does the importance of SMEs alter by industry and business sector?
  • How are SMEs performing compared to large enterprises?
  • What are the obstacles and opportunities in marketing to SMEs?

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Table of contents

  1. Executive Summary

      • The market
        • Figure 1: The SME turnover development, 2013-17
        • Figure 2: Segmentation of SME turnover by size of company, 2017
        • Figure 3: The private industry and commerce turnover of SMEs, by sector, 2017
        • Figure 4: The importance of SMEs, by industrial sector, 2017
        • Figure 5: The importance of SMEs, by region, 2017
      • Market factors
          • Figure 6: Proportion of businesses with internet access, by size of company, 2012-16
          • Figure 7: Business births and deaths, 2012-16
        • Marketing to SMEs
          • Companies
            • Figure 8: The development of businesses in the private sector, 2000-17
          • What we think
          • Key Insights

              • How important are SMEs?
                • So how do you market to SMEs?
                  • What are the main factors affecting SMEs now?
                  • Introduction

                      • Definitions
                        • Figure 9: Definition of an SME
                      • Methodology
                        • Abbreviations
                          • Market positioning
                            • Figure 10: The role of SMEs in the UK economy, by size of business, 2017
                        • UK Economy

                          • Overview
                            • Figure 11: Forecast GDP development 2017-22
                            • Figure 12: UK GDP quarterly development, 2004-17
                          • Inflation
                            • House prices
                              • Figure 13: UK House price changes, 2006-17
                            • Interest rates
                              • Consumer spending
                                • Manufacturing
                                  • Figure 14: UK manufacturing, 2014-17
                                • Business investment
                                  • Figure 15: UK GFCF 2003-17
                                • Imports
                                  • Exports
                                  • The SME Market

                                    • Key points
                                      • The SME market
                                        • Figure 16: The SME turnover development, by size of business, 2013-17
                                        • Figure 17: The SME development, by size of business, 2013-17
                                    • SME Sector Segmentation

                                      • Key points
                                        • SME sector segmentation
                                          • By size of company
                                            • Figure 18: Segmentation of SME turnover by size of company, 2017
                                          • Activity
                                            • Figure 19: The SME turnover by type of activity, 2017
                                          • Legal status
                                            • Figure 20: The SME turnover by corporate structure, 2017
                                        • SME Industry Segmentation

                                          • Key points
                                            • SME industry segmentation
                                              • Figure 21: The private industry and commerce turnover of SMEs, by sector, 2017
                                              • Figure 22: The importance of SMEs, by industrial sector, 2017
                                              • Figure 23: The importance of sole traders, by industrial sector, 2017
                                              • Figure 24: The importance of micro companies, by industrial sector, 2017
                                              • Figure 25: The importance of small companies, by industrial sector, 2017
                                              • Figure 26: The importance of medium size companies, by industrial sector, 2017
                                          • SME Regional Segmentation

                                            • Key points
                                              • SME regional segmentation
                                                • Figure 27: The importance of private industry and commerce to SMEs, by region, 2017
                                                • Figure 28: The importance of SMEs, by region, 2017
                                              • North East
                                                • Figure 29: The market for SMEs in the North East of England, 2017
                                              • North West
                                                • Figure 30: The market for SMEs in the North West of England, 2017
                                              • Yorkshire & The Humber
                                                • Figure 31: The market for SMEs in Yorkshire & the Humber, 2017
                                              • East Midlands
                                                • Figure 32: The market for SMEs in the East Midlands, 2017
                                              • West Midlands
                                                • Figure 33: The market for SMEs in the West Midlands, 2017
                                              • East of England
                                                • Figure 34: The market for SMEs in the East of England, 2017
                                              • London
                                                • Figure 35: The market for SMEs in London, 2017
                                              • South East
                                                • Figure 36: The market for SMEs in the South East of England, 2017
                                              • South West
                                                • Figure 37: The market for SMEs in the South West of England, 2017
                                              • Wales
                                                • Figure 38: The market for SMEs in Wales, 2017
                                              • Scotland
                                                • Figure 39: The market for SMEs in Scotland, 2017
                                              • Northern Ireland
                                                • Figure 40: The market for SMEs in Northern Ireland, 2017
                                            • Success Factors for SMEs

                                              • Key points
                                                • Success factors for SMEs
                                                  • General
                                                    • Specific to 2017
                                                    • Factors Affecting SMEs

                                                      • Key points
                                                        • Factors affecting SMEs
                                                          • Brexit, the economy and legislation
                                                              • Figure 41: Composition and progression of workplace pension contributions, 2012-17
                                                            • The internet/technology – Increasing market potential
                                                              • Figure 42: Worldwide internet usage, by region, 2010-17
                                                              • Figure 43: Proportion of businesses with Internet access, by size of company, 2012-16
                                                              • Figure 44: Proportion of businesses with internet access and type of connection, by size of company, 2012-16
                                                              • Figure 45: Proportion of businesses by maximum contracted internet connection speed, by size of company, 2012-16
                                                            • Business web sites
                                                                • Figure 46: Proportion of businesses with a website, by size of business, 2012-16
                                                                • Figure 47: Proportion of businesses with website facilities, by size of business, 2014-16
                                                              • R&D tax credits
                                                                  • Figure 48: Claims for the SME R&D tax credit scheme, 2011/12-2015/16
                                                                  • Figure 49: R&D expenditure used to claim SME R&D tax credit scheme, 2011/12-2015/16
                                                                  • Figure 50: Claims for the SME R&D tax credit scheme, by industry 2015/16
                                                                  • Figure 51: Claims for the SME R&D tax credit scheme, by region, 2015/16
                                                                • The gig economy – Confusing the self-employed market
                                                                    • Figure 52: Employees and self-employed, 1995-2017
                                                                  • Business churn
                                                                    • Figure 53: Business births and deaths, 2012-16
                                                                • Industry Structure

                                                                  • Key points
                                                                    • Industry development
                                                                      • Figure 54: The role of SMEs in the private sector, by size of business, 2017
                                                                      • Figure 55: The development of businesses in the private sector, 2000-17
                                                                      • Figure 56: The role of SMEs in the central and local government sector, by size of business, 2017
                                                                      • Figure 57: The role of SMEs in the non-profit sector, by size of business, 2017
                                                                    • Structure by employment
                                                                      • Figure 58: Analysis of the employment structure of the UK economy, 2016 and 2017
                                                                      • Figure 59: Analysis of the employment structure of the UK economy, 2016 and 2017
                                                                    • Structure by turnover
                                                                      • Figure 60: Analysis of the financial structure of the UK economy, 2016 and 2017

                                                                  Small Business Overview - UK - December 2017

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