Creative industries thrive in LSE’s latest small company hotlist
Creative, marketing and advertising firms feature heavily among the London Stock Exchange Group’s sixth annual edition of its 1000 Companies to Inspire Britain report.
The report identifies the UK’s most dynamic and fastest growing Small and Medium Sized Enterprises (SMEs).
Interestingly, the report notes that the UK’s creative industries “are an economic powerhouse, with growth in the sector outperforming the wider economy.
“As demand continues to soar, this boom in creative entrepreneurship will generate new employment opportunities.”
Overall, this year’s report features companies from a diverse range of sectors and regions, reflecting the entrepreneurial drive seen across the country.
New players dominate list
Over two-thirds of the companies appear in the report for the first time, while six firms are making their fifth consecutive appearance.
The publication of the report was celebrated by the opening of the London market with The Rt Hon Nicky Morgan MP, Chair of the Treasury Select Committee; David Schwimmer, CEO, London Stock Exchange Group; and more than 40 companies featured in the 2019 report.
The ceremony was followed by an event, featuring companies from this year’s report discussing their growth journeys and the key building blocks to success for SMEs.
“Small businesses not only generate over 50% of all private sector turnover in the UK, they also account for 60% of all UK private sector employment”, said Philip Hammond, Chancellor of the Exchequer.
“SMEs are the backbone of the UK economy and we are dedicated to supporting these high growth companies to achieve their potential. I congratulate all the companies that are included in this year’s 1000 Companies to Inspire Britain report.”
David Schwimmer, CEO, London Stock Exchange Group, congratulated the companies selected for inclusion in the report.
“SMEs drive growth, innovation and job creation and are the lifeblood of the British economy”, he said.
“We believe that supporting the growth of these businesses is critical to the UK economy and the creation of a society that works for everyone.”
The report features media, marketing and advertising firms from across the country.
A full searchable database of all the companies along with a downloadable pdf of the publication can be found here.
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