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SMEs could provide graduate job boost

Published: Tuesday, 23 March 2010   Category: Sales and recruitment

Recent university leavers looking for graduate jobs in sales and recruitment may be interested to hear that view of a leading venture capitalist who has claimed that small and medium-sized enterprises (SMEs) will help the UK out of recession.

Julie Meyer, a 'dragon' on the BBC's online edition of Dragon's Den, said that more and more individuals are moving to SMEs because the high-growth companies in the sector create over 54 per cent of new jobs.

She added: "As a lot of large companies have been laying off staff and so forth, there has been a lot of growth in the SME sector and a lot of people are setting themselves up in business as well.

"There is a direct correlation between SMEs and economic growth and the creation of new jobs and all other things that we're trying to engineer."

Ms Meyer was speaking in response to a prediction by Barclays that SMEs plan to create two million new jobs over the next 12 months and forecast a realistic annual growth rate of 8.5 per cent.

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