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SMEs starting to thrive once again

SME newsSmall and medium-sized UK businesses are taking off again after the devastating effects of the recession.

They have also begun borrowing again according to the Bank of England and growth was at 2.4% by the end of 2014.

There are 5.2m businesses in the UK, 99 per cent of which are classified as SMEs. They employ more than 15m people and have a total turnover of £1.6 trillion, 47 per cent of business turnover.

That’s a coup for the UK economy. At Business Juice, we recognise the value of local businesses and small start-ups.

Keeping afloat for these businesses has been a struggle but we’re pleased to see they have the wind back in their sails.

Business Juice can help businesses of all shapes and sizes to cut their overheads by reducing their energy bills. For a quote, call 0800 051 5770.