Goldman Sachs New Impact Report: Building Small Business Britain


COPY CREDIT TO GOLDMAN SACHS: (https://www.goldmansachs.com/citizenship/10000-small-businesses/UK/news-and-events/building-small-business-britain.html?cid=scl-np-twitter-evergreen-post-20171&sf202083600=1)

“Small businesses are the backbone of the UK economy, representing 99% of our businesses and employing over 16 million people in communities across the country”

A new report by Goldman Sachs, finds that participants of its 10,000 Small Businesses UK programme, are consistently doubling revenues and creating over 50% more jobs within two years of graduating, following the behavioural and strategic changes they implement because of the programme.


The report highlights the continued impact 10,000 Small Businesses UK alumni have on the wider UK economy, capturing the growth of over 1,400 small businesses who have participated in the programme since its introduction in the UK in 2010.



Highlights include:

· 10,000 Small Businesses UK participants are doubling their revenues and creating 54% more jobs within two years of graduating the programme

· Collectively, the UK community generates £2.8bn of revenue, and supports 40,000 UK jobs

· Participants create 23% more jobs and generate 25% higher revenues than similarly high-growth small businesses in the UK

· As a direct result of the programme, controlling for their already high growth trajectory, 10KSB UK alumni have created 5,840 new jobs, contributing an additional £307m to the UK economy READ THE FULL REPORT: https://www.goldmansachs.com/citizenship/10000-small-businesses/UK/news-and-events/building-business-britain-f/report.pdf


Jomas Associates Managing Director, Roni Savage, took part in the 10,000 Small Business programme in 2017. As well as being interviewed for the report, Roni is also on the cover page. At the launch of the report, which was held at the House of Commons on 12 November 2018, Roni met with Chancellor, Phillip Hammond, and discussed the government’s support of brownfield land reclamation. This followed Roni’s interview on BBC News after the 2018 budget was released.


READ THE 2018 BUDGET: https://www.bbc.com/news/business-45825179?ns_mchannel=social&ocid=socialflow_twitter&ns_campaign=bbcnews&ns_source=twitter