National and local economies both depend on the success of small and medium-sized enterprises (SMEs). SMEs make up at least 99 per cent of businesses in UK cities, and their resilience and adaptability mean they have become more important over the last decade.
Between 2005 and 2012, the number of city-based SMEs increased by 37 per cent, compared to a 14 per cent increase in the number of large firms. Yet SMEs in different cities vary enormously in their ability to generate jobs and value.
Produced by Zurich, this infographic illustrates the findings of the Small Business Outlook 2013 report into SME performance and the factors impacting results.