This annual review from the Enterprise Research Centre offers a clear picture of the UK’s small business landscape in a year marked by cost pressures, economic uncertainty, and fragmented support.
Entrepreneurial activity is rising—especially among women and ethnic minorities—but sustained business growth remains rare. The report shows declining access to finance, weak ecosystem conditions, and persistent gaps in innovation and productivity.
Firms using external advice see productivity benefits, yet many—particularly in rural areas—struggle to access tailored support. Mental health, digital adoption, and net zero remain action gaps, not just awareness issues.
Author(s): Enterprise Research Centre (ERC).
Year: 2024.
