A new report confirms that small and medium enterprises (SMEs) in Swindon are amongst the most successful in the country at driving economic recovery.
The Centre for Cities has released their annual Small Business Outlook, showing how small businesses are performing in cities across the country. The report shows that in Swindon, small businesses are performing extremely well, investing for growth and innovation and building their workforce.
The report shows the best performing cities across a host of measures, leading to an overall score. Swindon has performed extremely well in the overall rankings, and has come in at number four in the UK.
The 2014 report highlights the cities with the largest number of small businesses investing in ‘high-growth’ strategies – defined as focusing on competing on quality rather than price; pursuing innovation; investing in training and developing their workforce; offering customised goods and services; and operating in competitive markets.
SWLEP Chair, Barry Dennington, said: “We are delighted that Swindon has ranked so highly in the Small Business Outlook. Small and medium businesses make a massive contribution to the local economy, and it is fantastic to see this recognised at a national level. The LEP will continue to work with SMEs to support and develop them in the future.”