The reaction comes following a report in FundWeb detailing the growth of small and medium-sized enterprises (SMEs) in recent years. SMEs are returning to a level prosperity unseen since before the 2008 financial crash.
The report states that SMEs throughout the United Kingdom have bounced back from the recession, seen in growth statistics and start-up rates – many of which have returned to pre-crisis levels. Figures compiled from the Enterprise Research Centre (ERC) show that over 1 million SMEs ceased operating between 2008 and 2014, something that is believed to have cost around 5.7 million jobs over that period.
An upturn began occurring at some stage during the last year, and as end-of-year statistics were compiled it showed that the number of jobs created overall by SMEs in the private sector outweighed the number of jobs lost overall since 2008.
Mark Hart, Deputy Director of the ERC, has said that “SME Britain is finally back to...