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Small Business Outlook 2015
By
Centre for Cities
| 19 October 2015
Small Business Outlook 2015
By
Centre for Cities
| 19 October 2015
Select Chapter
Executive Summary
The economic and policy context
Box Introduction
Box The shift towards ‘new work’
Box Figure 1: Output by broad sector (£m)
Box SMEs and economic growth
Box The shifting profile of SMEs
Box Figure 2: Change in SMEs by sector (UK), 2008-2014
Box Policy and the economic importance of ‘new work’ sectors
Box Box 1: Defining ‘new work’ SMEs
Box The significance of place
Box Box 3: Self-employment
Cities, small businesses and ‘new work’
Box Where are ‘new work’ SMEs most likely to locate?
Box Figure 3: Proportion of ‘new work’ SMEs, 2014
Box Figure 4: Concentration and change in number of ‘new work’ SMEs (relative to national average), 2014 and 2008-14
Box Box 4: Why do ‘new work’ SMEs benefit from clustering together?
Box Case study 1: The Cambridge Cluster
Box How does the performance of ‘new work’ SMEs vary between cities?
Box Do ‘new work’ SMEs have an impact on the wider city economy?
Box Figure 5: Change in the ‘new work’ SMEs and ‘other services’15 SMEs by city, 2008-2014
Box Figure 6: Relationship between performance of SMEs in different sectors
Box Table 1: Relative economic performance of cities with high concentrations of ‘new work’ SMEs
Box Why are some cities more attractive to ‘new work’ SMEs than others?
Box Table 2: Characteristics of cities with high concentrations of SMEs in ‘new work’ industries
Box Case study 2: Bristol – creative and digital
Box Case study 3: Reinventing Leeds
Box Policy implications
Box Case study 4: Glasgow Diversification
Data Monitor: Small Business Performance
Box Overview
Box SME Density
Box Figure 7: SME Density, 2014
Box Business starts
Box Figure 8: Business starts per 10,000 population, 2013
Box SME Expansion
Box Figure 9: Average number of jobs created, 2011-2014
Box Figure 10: Expanding SMEs by location and sector, 2011-2014
Box Figure 11: Net SME jobs created in cities by industry, 2011-2014
Box High-growth SMEs
Box Figure 12: Proportion of high growth SMEs, 2011-14
Box SME Contraction
Box Figure 13: Average job losses per contracting SME, 2011-14
Box Figure 14: SME growth in cities by size, 2011-2014
Box Closures
Box ‘New Work’ Industries
Appendix: A note on sources and methodology
03
2: The use of Primary Urban Areas
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