To match an exact phrase, use quotation marks around the search term. eg. "Parliamentary Estate". Use "OR" or "AND" as link words to form more complex queries.

Keep yourself up-to-date with the latest developments by exploring our subscription options to receive notifications direct to your inbox

Written Question
Technology: Small Businesses
Tuesday 19th November 2024

Asked by: Sureena Brackenridge (Labour - Wolverhampton North East)

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what assessment he has made of the contribution of small and micro tech companies to the UK economy.

Answered by Feryal Clark - Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)

Whilst DSIT hasn’t conducted specific analysis on the impact of small and micro tech companies on the economy, DSIT recognises that these businesses form a large part of the digital sector. Businesses classified as micro or small by employment band made up 91.9% and 6.4% of the businesses in the UK digital sector respectively in 2023. The digital sector as a whole contributed £158.3bn in Gross Value Added (GVA) to the UK economy in 2022, 7.2% of total UK GVA.