Small innovative firms are crucial for successful local economies

Alexandra Jones writes in the LGC about the findings of our new Small Business Outlook 2015 report.

Press release published on 28 October 2015 by Alexandra Jones

Knowledge and innovation are at a premium, while technological advances have transformed the way businesses operate. Over the past 40 years traditional sectors such as manufacturing and construction have become more efficient and more exposed to global economic shocks, as the on-going crisis in the UK steel industry illustrates all too clearly. Meanwhile, firms in the creative and digital sector and in professional services such as law and accounting have seen steady growth in both jobs and businesses.

The impact these changes are having on UK cities is profound, as illustrated by Centre for Cities’ new report, Small Business Outlook 2015.

Read the rest of the article in the LGC (£).