The revival of the small business sector in the UK

Type :

Term papers

Pages :

11 pages

Format :

.doc

Published date :

01/12/2009

Category :

Economics & finance

Sub category :

Economics

Oboulo.com selection criteria

$ 19.95 Add to cart

Summary :

Introduction.
The growth of the Federation of Small Businesses and its relative power of lobbying.
1. 1974 to 1991: The stagnant evolution of the NFSE.
2. The remarkable growth of the Federation of Small Businesses since 1991.
Recent 'political consensus' towards the Small Business sector.
1. Sector cherished both by the Conservatives and Labour governments since the mid 1970's.
2. The limits of the Consensus.
The long-term structural changes fostering the Small Business Sector growth: The case of the Small Business Service Firms and the Black and Minority Ethnic businesses.
1. The stunning growth of Small Business Service Firms.
2. The growing Black and Minority Ethnic (BME) Businesses contribution.
Conclusion
Bibliography.

Abstract

According to data from Labour Market Trends in 1999, enterprises with fewer than 50 employees provide 45% of UK non-government employment and account for 38% of turnover, the employment figure includes the self-employed who employ no one and comprise 2.3 Million out of a total of 3.7 million of small firms. There are considerable sectoral variations in the importance of small firms: for example, in agriculture, forestry, fishing and construction they account for nearly all employment; in hotels, restaurants and catering for about a half; and for a minority in manufacturing (29%) and financial intermediation (16%). 'Micro businesses' (0-9 employees) account for 94% of all businesses and for 28% of employment. Organisations with 10-99 employees add a further 5 percent of all businesses, which account for 22% of employment . While the small firms account for a large part of the working population, they have not always been spoilt by British Politics. During the main part of the 20th century, there were seen as impediment to economic modernisation. This indifference began to change in the mid 70's and by the mid 90's the commercial landscape had been transformed by a host of policies designed to assist small firms. This political neglect, which is by far less effective, has many reasons.