Fri. Feb 3rd, 2023

Saturday

Small Business Saturday UK’s chief Michelle Ovens has urged Britons to support the sector. Photo: Small Business Saturday
Small Business Saturday UK’s chief Michelle Ovens has urged Britons to support the sector. Photo: Small Business Saturday

The boss of grassroots campaign Small Business Saturday has urged Britons to support the sector which could be the key to unlocking economic growth for the UK in the long-term.

“We know from the last recession that small businesses were the engine of recovery. They are slower to lay off staff than bigger companies, which means money stays in communities, even if pay has to be cut. They genuinely care about people,” Michelle Ovens, director of Small Business Saturday UK, told Yahoo Finance UK.

“The recovery won’t all happen next year but we can start to see a glimmer of hope in 2021 certainly,” she added.

She said small businesses are fast-moving and can often be more innovative than bigger ones due to their size, which means they can adapt quickly to

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