The Small and Medium Business Enterprises have been moving gradually from overdraft finance to loans, with an increase in leasing finance, as the pace of technological change becomes more demanding.
Over 60% of total output and total employment in the UK is provided by Small and Medium-sized Enterprises (SMEs).
The number of small firms in UK has been stable in recent years in contrast to a fall in medium-sized businesses worldwide.
While large corporations have suffered in the aftermath of September 11 events, the SME sector has provided much needed stability to the UK economy.
This has been possible as the SMEs are able to respond quickly and appropriately to changing needs in the marketplace to ensure that the economy remains competitive.
This report covers the small business enterprises, one of the largest and most dynamic sectors of the UK economy.
The report is targeted at entrepreneurs and planners and will help them to gauge the emerging trends in the SME sector.