SMEs create 85% of new jobs

Just came across this article in the London Chamber of Commerce's EN publication - Essential News for Entrepreneurs and wanted to share Kirsty Hewitt's words with you.

Interesting to note - 

"Eighty-five per cent of new jobs in the European Union were created by small and medium-sized enterprises (SMEs) between 2002 and 2010, new figures have revealed.

According to a report by the European Commission, during the eight-year period, net employment in the EU’s business economy increased by an average of 1.1 million new employment opportunities each year.

Micro firms (businesses with less than ten employees) were responsible for 58 per cent of the new jobs, while enterprises operating in business services created 27 per cent of the positions that were available.

Commission vice-president responsible for entrepreneurship and industry, Antonio Tajani, said, "In this critical time for European economy, we see small enterprises delivering and confirming their role as main generators of new jobs.

“Their significant share in job creation highlights the greater than ever economic relevance of SMEs and the need to support them at all levels.”

Small and new firms are “clearly the key for restoring economic growth”, he added."

Glad to see that we are playing such a positive role in the current economy.