At the start of 2018 there were 5.6 million small businesses – 2.2 million (+63%) more businesses than there were in 2000. According to the Federation of Small Businesses, SME’s accounted for 99.3% of all private sector businesses in 2018. The government recognises the significance of this group and provides support via schemes such as Regional Growth Fund, Start-up loans, Government grants and more.
NSAR is also well aware of the importance of SME’s as they form the backbone of the engineering supply chain for the UK Rail Industry with some 60% of the investment spend being delivered by an SME companies. We believe one of our key roles is to provide support to SME companies by:
- Providing information or helping to access information on accredited training providers, academic and vocational training programmes, apprenticeships, availability of grant funding or other financial support
- Encouraging and supporting mutual support within the SME community
- Supporting knowledge and resource sharing between SME companies and the large client and contractor/consultant organisations
For more information regarding NSAR SME Support click here.