Manufacturing Industries: Small Businesses

HM Treasury written question – answered on 12th January 2017.

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Photo of Andrew Rosindell Andrew Rosindell Conservative, Romford

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.

Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

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.

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