HIGH GROWTH SMALL FIRMS ARE KEY TO JOB CREATION IN NORTH WEST

Latest Regional Labour Market Statistics show that although North West unemployment for the last quarter (8%) is slightly above the national average of 7.8%, that there has been a bigger quarterly decrease in the North West (0.5%) than anywhere else in Britain.

 Small high growth businesses could be the answer to higher employment in the region, according to  Manchester Metropolitan University Centre for Enterprise.

 A new report co-authored by Manchester Metropolitan University, entitled Stimulating Business Growth, reveals small businesses are key to job creation in the North West and getting the regional economy back on its feet.

 According to the report, high growth businesses represent just 1% of UK firms, yet generated 23% of all jobs between 2007 and 2010. 

 The report charts the rise of the first 250 enterprises to have completed the Goldman Sachs 10,000 Small Businesses programme, run in the North West in conjunction with the Centre for Enterprise at Manchester Metropolitan University. 

To read more go to www.oblg.org.uk/news/

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