Van Plays Key Role in the Growth of New and Small Business

7 April 2016, 12:26 pm

In collaboration with the Centre for Economic and Business Research (CEBR), findings by research commissioned by Volkswagen Commercial Vehicles have highlighted the role commercial vehicles take in the growth of new and small business in the UK.

The research analyses data from 2009 to 2015, looking at the relationship between the growth of the commercial vehicle industry and the use of these vehicles by UK businesses.

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The number of commercial vehicles registered in the UK has increased 400% since 2009 and van dependent businesses now contribute £120 billion to the UK economy.

With business and consumer confidence recovering in recent years and as demand for goods and services increases, there has been a 17.5% increase in self-employment as new small businesses are created across a wide range of sectors.

In the ever-changing landscape of the UK economy, many parts of UK business is repositioning from traditional ‘bricks and mortar’ to online and start up, with over a million new businesses registering since 2009. By 2017, there are expected to be 11.7 million start-up businesses in the UK.