Small businesses have faced huge challenges over the past few years. The impact of Covid has been worldwide, but UK businesses have also felt the effect of Brexit.
In the UK, with the backdrop of a rising cost of living, the number of SMEs has dropped to 5.5 million in 2022, down from 5.9 million in 2020. It's a significant fall of 6.6%.
Startups.' Business Statistical Report for 2022 examines the SME landscape in the UK, with their main findings presented in this infographic.
Source: Startups.
