Entrepreneurs make big contribution

Posted on 11 Apr 2022
Share Blog Post
Entrepreneurs and freelancers contribute £125bn to the economy A survey commissioned by business banking app Mettle has looked at the economic contribution of entrepreneurs, the self-employed and those with a side hustle business. It found that the total economic contribution from this sector is estimated at more than £125bn, a figure that represents about 15% of the total UK economy at the end of 2020. The survey found the average estimated turnover of small business owners was £52,620. The analysis shows that 21% of male-led businesses make over £100,000, with 13% of female-run businesses also breaking the £100,000 barrier. More than half (53%) of respondents expect a turnover of up to £50,000 this tax year, marking a jump on the 46% who said the same last year. The average estimated turnover for self-employed individuals is £25,066. The poll also found that 52% of small business owners do not feel supported by their bank.

View more blog posts

Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Lending gap stifles UK SME's
Posted on 30 Apr 2025
Lending gap stifles UK SME's
read more
Costly tax compliance
Posted on 23 Apr 2025
Costly tax compliance
read more
SME owners flee UK in droves
Posted on 16 Apr 2025
SME owners flee UK in droves
read more
Back To Top
01604 660661