Scottish Daily Mail

Growth en­gines

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SMALL busi­nesses are key to solv­ing the UK’s pro­duc­tiv­ity gap, claims Gold­man Sachs.

In a re­port to mark Global En­trepreneur­ship week, Gold­man found that small firms are en­gines for growth, cre­at­ing 60pc of all pri­vate sec­tor jobs and gen­er­at­ing £1.6tril­lion of rev­enue. En­cour­ag­ing firms to ex­port could bring an ex­tra £1.5bn of gross value added to the UK econ­omy within a year, the re­port claimed.

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