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Study highlights value of small companies to Northern Ireland

FSB Northern Ireland has launched a detailed study of small businesses, at the organisation’s 30th anniversary celebrations in Belfast.

The report, entitled The Contribution of Small Businesses to Northern Ireland, was conducted with the Ulster Business School and is based on an independent survey of 200 local firms, highlighting both their social and economic value.

One of the key findings was that small businesses provide 75 per cent of all private sector employment in the region, while 80 per cent say they have ambitions to grow.

Wilfred Mitchell OBE, FSB NI Policy Chair, said: “This research will form the basis of our work, as we act on what small businesses have highlighted to us.”

Prof Marie McHugh, Dean of the Ulster University Business School, added: “The call to Stormont is that the research should form the foundation for the next programme for Government and economic strategy.”