Since the 1980s, the small business sector in the UK has experienced a remarkable surge, marked by substantial numerical growth. Various factors have contributed to this expansion, including economic reforms, deregulation policies, and the promotion of entrepreneurship. The emergence of digital technologies has played a pivotal role, in simplifying market access and lowering entry barriers for aspiring entrepreneurs. This growth is quantifiable in terms of job creation, innovation, and economic contribution, showcasing the small business sector as a key driver of the UK's economic landscape. The numerical data underscores the significance of small businesses in fostering a dynamic and evolving entrepreneurial ecosystem in the country.

Last year there were 5.51 million small businesses in the UK (0-49 employees), accounting for 99.2% of the total business population.

Want to learn more about the BASA Awards and how you can participate or nominate a well-deserved small business.

Although small businesses are the UKeconomy's lifeblood, they hardly get recognized or celebrated. They have tenacity and resilience despite the challenging economy globally. Due to the low recognition of small businesses, the BASA Awards were established and are exclusively made to show appreciation for small businesses. The competition is fair and only allows small businesses to compete fairly. This competition is for small businesses to gain recognition and help them strengthen their connection with their existing or potential clients. There is no favouritism or nepotism in the BASA Awards.