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OECD SME and Entrepreneurship Outlook 2019

image of OECD SME and Entrepreneurship Outlook 2019

The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.

This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.

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United Kingdom

Despite developing an agile approach to regulation that is generally favourable to businesses and enables innovation, the UK ranks below the OECD average for administrative burden on start-ups, the simplification of regulatory procedures and strength of insolvency framework. Measures are being taken to address some of these points. To reduce regulatory complexity, the UK pioneered the ‘One-in, One-Out’ test, which imposes to assess the net cost of complying with any proposed regulation and find a deregulatory measure which relieves business of the same net cost. Moreover, the UK launched a Regulators’ Pioneer Fund in Budget 2017 to invest in innovative projects.

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