Recent government statistics clearly show that OMBs and SMEs are the engine of economic growth in the UK and Ireland. For example:
- SMEs account for 66% of all new jobs created.
- SMEs account for 56% of all employment.
- SMEs account for 52% of all turnover.
- SMEs invest 40% of all net capital expenditure.
Click here to find out what is going wrong for SMEs
Note: For simplicity, all the statistics quoted here relate to SMEs in the UK only. Unfortunately government statistics do not specifically identify OMBs. But it seems reasonable to assume that the vast majority of the UK’s 3.8 million SMEs are in fact also OMBs. So the SME statistics throughout this website can be viewed as a proxy for the equivalent OMB statistics.
|