“From the hairdressers, restaurants and corner shops which are part of our everyday lives to the exciting new tech start-ups and small online microbusinesses SMEs are the backbone of the British economy. If Labour are to win power again we have to have the support of those who work in – and run – small and medium enterprise.Read more
“I would like to congratulate SME 4 Labour for all the amazing work that they do in championing small businesses in the Labour Party. SMEs play a vital role in local communities in promoting cohesion and also strongly support the economy.Read more
Why do we need SME4Labour?
99.9% of private sector businesses are SMEs, employing an estimated 15.7 million people, which is well over half the private sector workforce. It accounts for nearly half of private sector turnover at £1.8 trillion (2016). SMEs are not only the source of a lot of people’s livelihoods but also the dominant driver for growth and creativity in our economy. Every national business success – Amstrad, Virgin, Innocent, Ella’s Kitchen – began life as a small business; as a glint of ambition in their founder’s eye.Read more
“SMEs are the backbone of the backbone of our economy: employing around half the private sector workforce, making up 99% of British businesses, and accounting for over a third of our national turnover.Read more
“SME 4 Labour is a vital component of the conversation that the Labour Party will have with voters between now and the 2020 election. More than five million small and medium enterprises in Britain employ over 15 million people, and are the productive frontier of our future economy.Read more