Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, if he will make an estimate of the proportion of economic growth that will be created by small and medium-sized enterprises in the next five years.

Small and Medium Enterprises make a significant contribution to economic growth, they currently represent 99.9% of the UK’s business population, account for 16.7 million jobs (61% of total UK employment), and generate £2.4 trillion in annual turnover (53% of the total) for the UK economy. We continue to expect Small and Medium Sized enterprises to significantly contribute to UK growth.