Friday, January 31, 2014

News: Prime Minister puts small businesses front and centre

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In the year of its 40th anniversary and at its inaugural policy conference in London, the Federation of Small Businesses (FSB), the UK's largest business organisation representing around 200,000 small businesses, welcomed the Prime Minister to address one of its national events.

The FSB's Conference focused on setting the agenda on enterprise, skills and growth with the FSB saying that the time is right for small firms to seize opportunities and the moment to create a successful and vibrant Britain.

Mike Cherry, national policy chairman of the FSB, said: "Small firms are the backbone of the economy. We need to ensure the issues small and micro businesses face remain front and centre stage in policymakers' minds, not only up to the General Election, but beyond. 

"No longer should supporting small firms be a ‘nice to have' that comes as an afterthought to policymaking. Just as much as our world-class large businesses are vital for prosperity, small firms too are the lifeblood of our economic well-being and need a similar level of focus. We must hardwire the vital role they play in the economy into our thinking. The Government must focus on how they can support these businesses in job creation and growth while the UK's large businesses need to play their part too in supporting ambitious small businesses, for example through paying their smaller suppliers promptly."

At the event, David Cameron set out how the success of small businesses is central to the government's long term economic plan. He pledged his commitment to continue to make it easier for small businesses to thrive outlining policies such as business rate relief, growth vouchers, employment allowance and the reduction in business red tape.

Prime Minister, David Cameron, said: "The future of Britain's economy depends on Britain's small businesses - on those with the courage to strike out and start their own thing, who work all hours to succeed, who through love, sweat and tears make their business grow. We need you to keep on creating good private sector jobs, so that more people can earn a living for their families and have financial security for the future." 

The FSB has raised how business support is congested and confusing with research showing hundreds of support schemes to help small firms, yet with little take-up or effect.

FSB website

Images: Number 10

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