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Micro business boost will transform the economy

Lord Young, the Prime Minister’s Enterprise Adviser, publishes Growing your Business: A report on Growing Micro Businesses.

Helping thousands more new businesses get off the ground by expanding the Government’s Start-Up loan scheme and opening up further the £230 billion worth of public sector contracts to the smallest businesses will help boost growth and transform the economy according to the Prime Minister’s enterprise adviser, Lord Young.

In his second report to the Prime Minister, Growing your Business: A report on Growing Micro Businesses, Lord Young highlights the increasing importance that micro businesses – those which have less than 10 employees – have on the success of the economy. Making up 95% of all businesses, he identifies steps the Government can take to help them develop their confidence and capability to grow, helping the UK to get ahead in the global race.

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