Small firms ‘drive job creation’
There has been a call to improve awareness of the important role played by the UK's small firms in driving job creation.The Forum of Private Business, Wanobe.com and The Business Woman's Network have come together to campaign for a micro business day, which will be dedicated to recognising the economic importance of UK firms employing fewer than ten employees.
Jane Bennett, head of campaigns at the Forum, said is time for the government to stop talking micro and thinking macro and instead focus on the "real issues" of the smallest businesses.
"The jobs that will drive economic growth are expected to be created in micro businesses so it is important that we place the political spotlight squarely on them and make sure it stays there," she added.
It comes after new research from Experian covering the third quarter of 2011 showed that, while average late payment time for all UK firms went up by almost one day, to 26.13 days, employers with a small number of employees, including those in sale jobs, were able to limit the rise to just half a day.
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Posted by John Oak and Wayne Bly
