Tag Archives: Enterprises

UK business numbers continue to grow


The number of private sector businesses in the UK has reached a new record high.

According to the latest statistics from the Department for Business & Skills, there are now 4.9 million companies in the country, with a combined annual turnover of £3.3 trillion.

The boost is largely down to the number of small to medium-sized enterprises (SMEs) that have been launched over the past 12 months.

SMEs now account for 99.9 per cent of all firms in the UK – responsible for the employment of 14.4 million people.

Just over 99 per cent of SMEs employed 50 people or less.

The figures also represent an increase of more than ten per cent to the business population in the last three years.

Around 127,000 new enterprises have been launched since the start of 2013, although that figure has been offset slightly with the closure of 26,000 companies in that period.

Posted by the Secret Businessman

Apprenticeship numbers hit record high


The number of people taking part in apprenticeships is at an all-time high.

According to the latest figures released by the Department for Business, Innovation & Skills (BIS), 860,000 individuals started one in 2012-13, with over 1.5 million taking place since 2010.

BIS says that the gold standard of apprenticeships – which covers higher and advanced levels – has attracted a record number of participants.

Skills minister Matthew Hancock said: “There are now more options than ever before, with a focus on the quality and rigour that people and employers want from apprenticeships.”

He added that it was “good news” for the economy, while also highlighting that it is quickly becoming “the new norm” to either start work-based training or go to university.

All programmes now last at least one year and involve on-the-job tuition.

Have you felt the benefit of taking on an apprentice? What difference do you think they can make to small to medium-sized enterprises?

Posted by the Secret Businessman