Sunday, September 8, 2024

2024's 100 Most Exciting Small Firms

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The Small Business Saturday campaign has revealed Britain's 100 most exciting small businesses for 2024, as it kicks off a wider campaign to encourage support for small businesses and unlock their potential to power economic growth.

A London-based yoga studio and a spice kit business from Essex, as well as an upholstery workshop from Cheshire and a financial education consultancy from Scotland are among those featured in this year's SmallBiz100 line-up, which highlights the most impressive of the nation's vibrant small businesses selected by Small Business Saturday.

Each business will be showcased as part of a 100-day countdown to Small Business Saturday itself on 7 December.

Despite signs the economy is turning a corner, small business owners are still grappling with some persistent economic challenges. Over half (53%) of small firms identify high costs as a continuing issue but in spite of this, an even greater number, over two thirds (68%), expect their business to grow this year. This is according to fresh 'SME Barometer' data from a survey of decision makers at 1,000 UK small and medium sized businesses by American Express, the principal supporter of the campaign in the UK, and which founded Small Business Saturday in the U.S. in 2010.

What's more, 52% say customers are deliberately supporting small businesses in the current environment, pointing to an upward trend for the nation's small firms.

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