Money

Local UK Businesses Drive the Economy and Create Jobs

October 23, 2023

Jones

Economy, employees, SMEs

Local businesses are the backbone of the UK economy. They create jobs, provide services, and contribute to the vibrancy of our communities.

According to the Federation of Small Businesses, small businesses account for 99.9% of all businesses in the UK and employ two-thirds of the private sector workforce. They also generate over half of the country’s turnover.

Local businesses play a vital role in our economy, and they deserve our support. Here are just a few of the ways that local businesses benefit our communities:

They create jobs. Local businesses are the main source of new job creation in the UK. They also provide employment opportunities for people of all ages and backgrounds.
They provide services. Local businesses provide a wide range of services, from essential utilities to unique experiences. They help to make our communities more livable and enjoyable.
They contribute to the local economy. Local businesses spend their money in the local community, which supports other local businesses and jobs. They also pay taxes that support local government services.
They build community. Local businesses are often at the heart of our communities. They provide places for people to gather and socialize, and they support local events and initiatives.

In addition to these economic benefits, local businesses also offer a number of other advantages. For example, they are more likely to be sustainable and environmentally friendly than large corporations. They are also more likely to be innovative and customer-focused.

Here Are a Few Examples of Successful Local UK Businesses

Neal’s Yard Remedies: Neal’s Yard Remedies is a natural health and beauty retailer that was founded in London in 1981. The company has since expanded to have over 200 stores worldwide, but it remains committed to its local roots. Neal’s Yard Remedies sources its ingredients from sustainable suppliers and supports local charities.
Aardman Animations: Aardman Animations is a Bristol-based animation studio that is responsible for some of the UK’s most beloved animated characters, including Wallace and Gromit and Shaun the Sheep. The studio has won numerous awards for its work, and it continues to produce high-quality, innovative animation.
BrewDog: BrewDog is a craft brewery that was founded in Aberdeenshire in 2007. The company has since expanded to have over 100 bars worldwide, and it is one of the most popular craft beer brands in the UK. BrewDog is known for its innovative beers and its commitment to sustainability.
The Trainline: The Trainline is a website and app that allows users to book train tickets in the UK. The company was founded in Edinburgh in 1997, and it has since become the leading online retailer of train tickets in the UK. The Trainline has made it easier and more convenient for people to travel by train.
JustPark: JustPark is a website and app that allows users to find and book parking spaces in the UK. The company was founded in London in 2006, and it has since become the largest car parking marketplace in the UK. JustPark has made it easier and more affordable for people to park their cars in cities.

These are just a few examples of the many successful local UK businesses that are making a difference in our communities. When we support local businesses, we are supporting our economy, creating jobs, and building stronger communities.

Here Are Some Tips for Supporting Local UK Businesses

Shop local. When you need to buy something, try to shop at a local business instead of a large chain store.
Eat local. When you’re looking for a place to eat, try to eat at a local restaurant instead of a fast food chain.
Support local events. Attend local events and festivals, and support local businesses that are participating.
Use social media. Follow local businesses on social media and share their posts with your friends and followers.
Write reviews. Leave positive reviews for local businesses that you enjoy.

By following these tips, you can help to support local UK businesses and make a difference in your community.

Here are some additional benefits of supporting local UK businesses:

Local businesses are more likely to be sustainable and environmentally friendly. They are more likely to source their ingredients and products from local suppliers, which reduces transportation emissions. They are also more likely to recycle and compost.
Local businesses are more likely to be innovative and customer-focused. They are more likely to be responsive to the needs of their customers and to develop new products and services that meet those needs.
Local businesses are more likely to give back to the community. They are more likely to sponsor local events and charities. They are also more likely to hire local employees.