Small Business Survival in the UK

Small business survival in the UK
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 Problem and the purpose of research
Small business survival in the UK partly depends on the competitiveness so these businesses, the environment, access to capital and people employed in the firms. The small businesses remain one of the ways to generate employment including the small and medium-sized enterprises (SMEs) that are small, medium or large. While the small businesses are more likely to be created than other business there are also likely to fold quickly and be liquidated.  As such, the survival of these firms is vital to supporting employment, growth and development in the UK.    If start-ups get adequate financing this gives them a  competitive edge but even their locations where they access the finances, even when they have good credit scores (Braidford, Drummond and Stone, 2017, p. 858).   Even though, small businesses are still affected by regulations, if there is regulatory knowledge they are more likely to exploit market opportunities (Peck, Jackson and Mulvey, 2018, p. 5). Credit card financing is a flexible option for the SMEs, which allows the business to adjust expenditure to the cash flow patterns, and entrepreneurs can use credit card financing to get round credit rationing (Brown, Liñares-Zegarra, and Wilson, 2018b, p. 9). If the initial debt levels are high, the enterprise survival rate is likely low because of the high indebtedness and this is especially when there are many employees as the payroll is large.  The financial structure of small business affects ability to meet obligations as they fall due, and, especially, when there is lower capacity to generate income.  Improving access to capital and eliminating cumbersome regulations and bureaucratic costs will improve competitiveness while encouraging entrepreneurship.  This paper will focus on the problem of small business survival in the UK, and factors affecting the survival. 
Relevant datasets 
The UK Office for National Statistics (ONS) contains the official   statistics on the UK covering  a variety of time periods. the  databases are the “Analysis showing the count of VAT and/or PAYE based enterprises in Countries of the United Kingdom by employment” “Analysis showing the count of VAT and/or PAYE based enterprises in the United Kingdom by SME employment size band, age of business and UK SIC 2007 Broad Industry Group [ small SME) and  “Household goods stores (val nsa) Small Business %” and “Unemployment rate (aged 16 and over, seasonally adjusted)” . The small enterprises face many challenges in industries where there is consolidation and high competition and at other times there are management failures that are less common in big business, which hire people with the right skills mix and experience. 
 Brown, Liñares Zegarra, Wilson (2018 a) looked into of the impact of Brexit on UK SMEs and reported that the larger firms viewed leaving the EU as a possible threat to competitiveness. This is because it would likely affect exports to the EU, and there would be lower capital investments linked to lower access to the external markets...