Micro, Small and Medium-sized Enterprises (MSMEs) Day is an awareness day celebrated in the United Kingdom to showcase the contributions of these businesses to the economy, society and culture. The day aims to raise awareness about the challenges and opportunities faced by MSMEs in the UK, and encourage support for their growth and development.The UK government recognizes the important role played by MSMEs in driving economic growth, creating jobs and promoting innovation. As such, various policies and initiatives have been implemented to support their development and expansion, including access to funding and business support services.
MSMEs in the UK make up over 99% of all businesses, and account for over 60% of private sector employment. They operate in a wide range of sectors, including manufacturing, retail, hospitality, IT and creative industries. MSMEs face numerous challenges, including limited access to finance, skills shortages, and competition from larger firms. The day was first observed globally in 2017, following a United Nations General Assembly resolution adopted in 2016. In the UK, the day is celebrated on June 27 each year, with events and activities organized by various organizations, including government agencies, business associations and chambers of commerce. MSMEs Day provides an opportunity to celebrate the achievements of these businesses and promote their continued growth and success in the UK.
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References and related sitesUN: Micro, Small and Medium-sized Enterprises Day