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In 2015, there were an estimated 5.3 million small businesses (0-49 employees) in the UK, accounting for 99.3% of all private sector businesses.
The combined annual turnover of small businesses was £1.2 trillion, 33% of all private sector revenue in the UK.
Despite the vast proportion of small businesses among private companies, such businesses are under-represented in the awards sector. Often described as ‘the engine room of the economy’, it is time that such businesses are recognised for their efforts in providing quality products and services to customers and strengthening the economy.
The British Small Business Awards are set to take place in London on the 20th October 2016. The event will celebrate the achievements of the best companies, service providers and advisers in the small business space.
Gaining access to funding is clearly a key concern for small companies. This need will be reflected by our Finance Provider of the Year and Alternative Finance Provider of the Year gongs, zoning in on those finance providers most suited to the needs of smaller companies.
A staggering 76% of businesses in the UK do not employ staff, making a Sole Trader of the Year category essential. Awards will also be presented for Micro-Business of the Year and Small Business of the Year, recognising those high-achieving companies with 2-9 and 10-49 employees respectively.
This will be a comprehensive celebration of the very best of british small business.
The panel of judges for this event will include Sir Rod Aldridge, founder of Capita, Angela Eagle, Shadow Secretary of State for Business, Innovation and Skills, Luke Lang, co-founder of Crowdcube, Julie Meyer, founder of Ariadne Capital, Charlie Mullins, founder of Pimlico Plumbers, Neil Westwood, founder of Magic Whiteboard, Matt Smith, founder of Startup Britain, and our very own Ian Cass, Managing Director of the Forum of Private Business.