The contributions made to the economy by the UK’s Small and Medium-sized firms (SME) will grow by 19% between 2016 to 2025.
In the UK, SMEs currently contribute £202 billion to the economy – the research from Hampshire Trust Bank and the Centre for Economics and Business Research confirmed. It is forecasted £241 billion by 2025. Most of this value originates from companies in London. However, firms in Greater Manchester and Leeds are set to boost their contribution the most, with 26% growth expected in both cities each.
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