Research and analysis
Analysing the current issues faced by small to medium-sized enterprises and the rationale for government intervention.
PDF, 646KB, 69 pages
This paper provides an economic analysis of the main enablers of success for small to medium-sized enterprises (SMEs). It reviews the obstacles SMEs face in relation to 3 clusters:
It also presents the theoretical arguments and empirical evidence of market failures across these clusters, providing the economic rationale for government intervention to support SMEs.
The paper provides the economic analysis that underpins government policy in this area.
7 December 2013
Department for Business, Innovation & Skills
BIS analysis papers
Enterprise analysis research
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