As the Prime Minister calls for a General Election, the focus on small businesses becomes more critical than ever. The Federation of Small Businesses (FSB) emphasises the importance of these enterprises in the UK economy, highlighting their significant role in job creation, innovation, and economic stability. With 5.5 million small firms and an additional 16 million individuals employed by them, small business owners and their employees form a substantial and motivated segment of the electorate. As political parties vie for their support, they must present robust, pro-growth policies to address the unique challenges faced by small businesses and promote an environment conducive to entrepreneurship and business expansion.
Responding to the Prime Minister’s announcement of a General Election, National Chair of the Federation of Small Businesses (FSB), 
said:
“Small business owners and self-employed people across the country will be looking for which party puts forward the most compelling pro-growth, pro-business policies to stimulate the economy and encourage entrepreneurship.
“The hard-working voters running the UK’s 5.5 million small firms are a large and motivated section of the electorate. A further 16 million voters are employed by small businesses.
“There will be fierce competition for their votes at this election, and those competing will need a convincing plan to bring down the cost of doing business, support small businesses to grow, and create the right conditions to encourage new businesses to start up. As the campaign begins, each party will need to put forward a clear small business offer or manifesto.”
Small businesses are the backbone of the UK economy, contributing significantly to job creation, innovation, and economic stability. They represent 99.9% of the business population and generate over half of the country’s private sector turnover. By fostering competition and providing a diverse range of products and services, small businesses not only meet local needs but also drive national economic growth. Their success is crucial for maintaining a balanced and resilient economy, especially in times of economic uncertainty.
Moreover, small businesses are vital for community development and social cohesion. They create local jobs and reinvest profits within their communities, supporting local suppliers and contributing to the social fabric of towns and cities across the UK. By offering personalised services and fostering close customer relationships, small businesses help to sustain vibrant and dynamic communities. Recognising and supporting the unique role of small businesses in the economy will be essential for any political party aiming to secure their votes in the upcoming election.
