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Manufacturing Industries: Small Businesses

Question for HM Treasury

UIN 58359, tabled on 20 December 2016

To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the proportion of UK GDP that will be represented by small business manufacturing in 2020.

Answered on

12 January 2017

The independent Office for Budget Responsibility (OBR) is responsible for producing the official forecasts. The OBR have made no assessment of the proportion of UK GDP that will be represented by small business manufacturing in 2020. However, using figures from the Office for National Statistics it can be shown that small business manufacturing made up approximately 2.1 per cent of the UK economy in 2015.

Answered by

Treasury