Although 2019 brought its fair share of challenges for small businesses in the UK, the close of the year saw a record number, breaking 5.8 million for the first time ever. With a background of Brexit, consumer spending down and a tumultuous political climate, the spirit of entrepreneurship endured and continues to win out. More than 680,000 businesses were started in 2019, according to research by the Centre for Entrepreneurs. Britain’s appetite to start-up shows no signs of waning.
The Small Report 2020 gives a comprehensive view from small businesses and industry experts of the State of the Nation, and key opportunities for the next decade. Over 1,000 small businesses gave their insights to develop this research, and it shows that the british ambition for business is alive and kicking in 2020.