Technology: Small Businesses
The question
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
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.
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