Amazon launches upgraded Small Business Accelerator after SMEs create over 250,000 jobs

Amazon today published its UK SME Impact Report which highlights how SMEs selling on Amazon have created 250,000 jobs across the UK to date.

Many small business owners have been able to adapt to recent challenges and “thrive online” for the first time. Over 15,000 UK SMEs selling on Amazon surpassed £100k in sales last year, and over 700 reached sales of £1m or more for the first time.

More than half of all physical product sales on the Amazon store in the UK are from independent selling partners, most of whom are small and medium-sized businesses. More than 85,000 UK SMEs now sell on Amazon, up more than 25 per cent year-on-year.

These businesses reached hundreds of millions of customers around the globe in 2021, more than half of UK based sellers exported to another country. They also sold more than 950 million products on Amazon, up from 750 million the year before, which is equivalent to more than 1,750 products a minute on average.

Amazon has also announced the launch of its upgraded Amazon Small Business Accelerator, which will serve the evolving needs of the UK’s small business community, hosted on Amazon.co.uk as an accessible and free-to-use suite of resources for all startups, entrepreneurs and small or medium-sized businesses.

Current and aspiring business leaders can now access more than 20 courses and 50+ videos of content on topics like how to build a business online, supercharging operations, growing sales and creating a social media presence, bringing the best in class from the country’s small business experts and Amazon leaders.

John Boumphrey, UK country manager, Amazon, commented: “Supporting UK small businesses to fulfil their potential remains an essential part of what we do. Today we’re proud to launch our revamped Amazon Small Business Accelerator, which will help even more small businesses across the UK.

“Many people told us the Accelerator was the catalyst for them to start a new business during and since the pandemic, so we are excited to see how many more we can reach with new content, events and partners.

“In addition, the SME Impact Report shows many small businesses are proving resilient, and thriving against a challenging backdrop, with continued sales growth at home and abroad by using Amazon’s world leading services to help them.”

By Matthew Neville – Correspondent, Bdaily

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