Number of small firms hits record high

Wednesday, March 18, 2015

There are a record 5.2 million small irms in the UK, according to a government report.

The number of small businesses has increased by 760,000 since 2010 and 4.5 million people are now self-employed, an increase of 500,000 from 2010.

The report reveals that more than £130 million has been lent through the Start Up Loans Company which has supported 25,000 start-ups and created 33,000 jobs.