Entrepreneurs at the heart of GDP growth

Posted on the 26 January 2017

Entrepreneurs at the heart of GDP growth

Commenting on the publishing of the Gross Domestic Product statistics for the Fourth Quarter of 2016, which saw growth of 0.6%, Nigel Mills, Chairman of the Entrepreneurs’ Forum, said:

“Much of the strength of the service sector, which is driving GDP growth, can be attributed to the UK’s entrepreneurial businesses.  Entrepreneurs are committed to scaling-up their operations to increase employment opportunities, investment activity and productivity gains, which will deliver economic benefits on regional and national levels. 

“However, entrepreneurial activity is not confined to the service sector and businesses, in sectors including manufacturing, are fighting hard to make an increased contribution to the economy.  This challenge is achievable through a robust industrial strategy, which we encourage the Government to implement as quickly as possible to help rebalance the economy.”