Do you run a small business?
Do you ever feel that you’re ignored by the larger institutions and considered something of an irrelevance in the wider business context? Well, if you do feel that way, then you are certainly not alone. Many small business entrepreneurs that Steven Glicher accountants speak to feel that the Government pays little attention to their troubles and tribulations, and directs all its funding initiatives in the direction of big business and larger corporations. Well, SMEs can now take heart as it would appear that the Government is now listening and is about to address the concerns flagged up by the Federation of Small Business (FSB) and other such august institutions. As accountants we applaud the initiative and hope that this is just the first of many.
So what is the Government proposing?
Well, it has revealed a series of new measures specifically tailored to support the UK’s small business sector, according to Skills and Enterprise Minister, Matthew Hancock. Speaking at the Federation of Small Business’ 40th anniversary conference, Mr Hancock said the Government is to create 20 business schools as part of a new ‘Small Business Charter’. These business schools will be “anchor institutions” that will be well-positioned to support small businesses in their respective regions. According to Mr Hancock:
“Small businesses are the lifeblood of our economy and with two thirds preparing to expand it is our desire to make sure they have everything they need to thrive. Small businesses should influence and inform Government on what advice and support works best for them, so I’m pleased to be able to announce further measures that allow them to provide their input.”
The minister also announced further additions to the Charter revealing that they will be appointing two new Entrepreneurs in Residence to assist the Department for Business, Innovation and Skills in shaping small business policy, and a new £1 million technology design competition to drive innovation among creative small firms.
The welcome news was greeted enthusiastically by John Allan, national chairman of the FSB.
He told the conference:
“The FSB welcomes this ongoing focus on small businesses at the heart of Government, and especially efforts to sharpen up the support offered to them. Maximising the expertise business schools offer can only enhance growth prospects for small firms, and the development of growth hubs should provide a much clearer signposting of the wide range of support there is available.”
Also in attendance at the FSB conference was Chancellor, George Osborne. He told the delegates there would be a new consultation on plans which will in future require lenders to release information on SMEs who have been rejected for finance, so they can be identified and approached by alternative credit providers.
Running a small business can be tough. It takes grit, determination and devotion. Sometimes, however, you’re going to need a little help and advice. That’s where Steven Glicher accountants can help. We can offer information and advice on tax planning, business structures, book keeping, business planning and growth, raising finance and VAT registration.
Whatever your small business needs, speak to Steven Glicher accountants on 0161 485 8007.