Telling the truth about SME life today

Home-based businesses contribute 300bn to UK economy

Data from the business department and Enterprise Nation shows that 2.9 million businesses in the UK are home-based, an increase of 500,000 since 2010, and that as a whole they contribute 300bn to the UK economy. 70 per cent of new businesses are started in the home.

Matthew Hancock, the business minister, said: Theres never been a better time to start a business, and even more people are choosing to start up from home.
Its this spirit of personal endeavour and self-determination that is driving our economic recovery.

“But home businesses dont just fire up the economic engines and create jobs, they turn dormitory towns into living communities, they keep our streets safer, and by driving down car emissions, cleaner too.

Hancock announced that the Government will be creating new legislation to clarify agreements between home-based entrepreneurs and landlords and giving new guidance to ensure home-based businesses are not burdened by the need for planning permission or business rates.

Emma Jones MBE, founder of Enterprise Nation, said: These are not people starting businesses out of necessity through lack of jobs, they are part of a growing movement that is responding to the new opportunities technology brings and actively taking control of their own destiny by starting out from home.

They are hard-working people who now have the capability to trade globally from their own kitchen table. They are growing through outsourcing work to other home-based individuals and as they do so, they are bringing important employment opportunities to rural as well as urban areas of Britain.



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