Small businesses are the backbone of the UK economy. Figures from the Federation of Small Businesses indicate that they account for 99% of private businesses in the UK and that they employ 14.4 million people.
Consumers in the UK are being urged to support small businessses with the UK's first ever Small Business Saturday
The event is being held on Saturday 7th December - traditionally one of the busiest shopping days of the year - in town centres across the UK. Small Business Saturday is an established event in the US. Last year, Small Business Saturday US led to $5.5 (£3.5) billion in sales to small businesses, and led to a increase in long-term trade.
Organisers are hoping that all kinds of small businesses in the UK - whether they be family run, small shop, online or small manufacturer - will get involved. The aim is to get consumers to support small businesses, shop locally and to boost trade.
Research from Groupon and retail analysts Kantar shows that 71% of shoppers would visit their High Streets more often if it contained more independant retailers. With the High Street in decline, the report hints at a possible solution that could reverse this decline. More small, independent traders on the High Street = a more vibrant and thriving High Street.
With this wave of momentum, small businesses should take this opportunity to stand up and shout about what they can offer.