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Chesterfield is home to 34 of the UK’s fastest growing smaller companies” says Toby Perkins MP

Toby Perkins, MP for Chesterfield, revealed that a new report produced by the Centre for Economics and Business Research, shows that Chesterfield is home to 34 high growth small businesses (HGSBs).

Representing less than 1% of UK businesses, this tiny group of companies are punching well above their weight by making a significant contribution to UK economic growth and proving they can be a force for a regional revival.

One in every three new jobs in the UK and almost 20% of economic growth was created by HGSBs last year. On average, these 22,470 companies created on average 4,500 news jobs each week in 2014 – three times more than the entire FTSE 100. In the East Midlands these businesses employed 40,000 people and contributed £5.1 billion of turnover to the UK economy last year.

The Octopus High Growth Small Business Report 2015, commissioned by Octopus Investments (Octopus), highlights the value of HGSBs to the UK economy and the role these companies could play in driving regional growth, addressing the North-South divide and rebalancing the economy. The report, which makes the case for increasing the number of HGSBs by 25% in every region in the next five years, reveals that the East Midlands has 1,300 HGSBs.

Toby with Simon Rogerson from Octopus Investments

Toby with Simon Rogerson from Octopus Investments

Toby said: “It is fantastic to see that Chesterfield is home to so many high growth small businesses. These businesses are creating hundreds of jobs and are a vital driving force behind prosperity in our community. We need to support these companies to help them realise their full potential as a force for local growth, and celebrate their role in the prosperity of our town.”

Toby met with Iain Wright MP, Chairman of the Business, Innovation and Skills Select Committee, representatives from Octopus Investments and MPs from across the UK, to discuss the new report and the importance of HGSBs in driving forward growth.

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Welcome

I am Toby Perkins, Labour's Member of Parliament for Chesterfield. If you would like to get in touch with me, my office is open and can be reached by phone on 01246 386 286. I also hold regular surgeries so that constituents can meet me and I can take up their concerns. If you would like to make an appointment then please do contact my office. Thank you for visiting.

Contact Toby

Tel: 01246 386286
Email: toby.perkins.mp@parliament.uk
Post: 113 Saltergate, Chesterfield, S40 1NF

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I hold regular surgeries for my constituents.
Please call 01246 386286 or email toby.perkins.mp@parliament.uk to make a booking.

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