There are 5.51 Million SMEs based in the United Kingdom, making up 99.9% of UK private sector businesses, accounting not only for a sizable majority of the economy, but also employing the majority of UK workers - some 61%, or 16.7 million people.
This is a trend which is reflected globally, where the number of SMEs rises to 400 million, making up about 90% of global companies, and 50% of global employment.
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