Private sector businesses on the rise

The UK has seen an increase in the number of private sector businesses over recent years, government figures suggest.

Statistics from the Department for Business, Innovation and Skills show that between the start of 2009 and the beginning of 2010, there was a 1.1 per cent rise in such organisations.

Last year, it is estimated that there were 4.5 million enterprises in the private sector, which employed around 22.5 million people.

Business and enterprise minister Mark Prisk emphasised that the data suggests that business partnerships have remained strong in the UK even in light of the recession.

"I am determined that the government will do everything it can to create the right environment for these businesses to now expand and grow," he commented.

Research from Clydesdale and Yorkshire Banks recently found that many companies find it difficult to keep up with regulation and legislation affecting their operations.

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Published on: May 24, 2011

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