The government has hailed new figures showing that the UK now has a record 5.5 million businesses.
The figure has grown by 23% since 2010.
Business secretary Greg Clark said: "Britain's businesses are the heroes of our economic revival and it is great to see the number of businesses rise by over a million since 2010.
"Our job creators don't always get the praise and respect they deserve, but we should be proud of our entrepreneurs, business leaders and innovators.
"The government is committed to ensuring Britain builds on its success and is the best place to start and grow a business."
These views were echoed by small business minister Margot James.
Margot said: "There are a million more small businesses now than in 2010 and it’s important to recognise the great contribution they make to local communities and the national economy.
"This government wants enterprise to thrive, our Start Up Loans scheme has awarded more than £250m to new entrepreneurs and a network of Growth Hubs connect firms to advice and support.
"Today, we are also launching a consultation on the Small Business Commissioner, who will be a strong representative for small firms across the UK."