Small businesses looking good

The small- business sector is regaining strength and playing an increasingly important role in the economic recovery, according to Barclays Bank. The bank’s figures show that, for the first time since 1989, there has been a year-on-year increase in the stock of UK businesses. And in 1994, the number of new business start-ups exceeded closures by 24 000. David Lavarack, head of small-business service at Barclays Bank, says: `The small-business sector experienced a strong recovery through 1994, with rising confidence leading to a steady increase in the level of start-ups, and a very encouraging fall in the number of business closures. Looking ahead to 1995, I believe the emerging core of established small businesses which have survived the difficult times of the recession will provide a firm, stable base to underpin a higher level of economic growth.’

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