Small business campaigning organisation peak b launched a new report on Wednesday, Small Business Opportunity Creators, highlighting the role of small businesses in providing job opportunities for their communities, and in bringing the long-term unemployed back into work.
The report launch took place at Revival Retro, a boutique vintage clothing clothing store in Fitzrovia, where peak b founder Michelle Ovens MBE spoke about the impact small businesses can have on communities: “In every possible economic scenario, small businesses help recuperate job losses and provide a soft landing for those who face life challenges. The role they play in the economy should be better understood,” she said.
“Small businesses have a proven ability to work with their surrounding communities to create opportunities and to provide an essential safety net. They are major drivers of opportunity across the country and critically, they are not deterred by economic and political uncertainty. The qualities that define small business success just aren’t quantifiable by profits and productivity figures alone.”
Revival Retro founder Rowena Howie also shared her story of launching the store and of the opportunities she has created for her own staff.
The report further highlights the role that positive community impact plays in motivating small business owners to plan for their business’ future, regardless of economic conditions. It lays out several recommendations for entrepreneurs, large and small businesses, Government and policy-makers, trade organisations and other stakeholders.
You can read the full report here.