FSB

Nearly 60% of Business Owners Are Worried Brexit Will Damage Their Recruitment Plans

Nearly 60% of Business Owners Are Worried Brexit Will Damage Their Recruitment Plans

59% of UK small businesses are worried that immigration rules post-Brexit will damage their ability to recruit suitable staff, according to a report by the Federation of Small Businesses (FSB). The What Small Firms Want From Brexit report, which surveyed 1,236 FSB members, revealed that 56% of ‘EU-employers’ are worried about any changes to current employment legislation whatsoever – with 13% even considering moving their operations abroad or shutting their doors altogether. With regards current staff, 72% of respondents said they recruited said employees while they were already in the UK, while 95% have no experience in the current “points-based “system for obtaining work permits for non-EU citizens. In its recommendation to the government, the FSB urged Theresa May to g... »

Small Businesses Waste Four Days a Month Dealing With Red Tape

Small Businesses Waste Four Days a Month Dealing With Red Tape

Over half of all small business owners admit red tape is restricting their growth with enterprises wasting four days a month dealing with compulsory administrative work, according to a report from the Federation of Small Businesses (FSB). The survey revealed that two-thirds of smaller businesses say administrative burdens are preventing them from focusing on their primary purpose with three-quarters of business owners spending more time than they would like on business compliance. Worryingly, the figures suggest that red tape is not just costing businesses time, but also money, as smaller firms spend an average £3,600 on tax compliance advice. Other overly- bureaucratic barriers to growth include issues around employment laws, insurance, workplace pensions, accounting tasks and health and ... »

Planning Delays Slow Business Growth says FSB

Britain’s expanding small companies are being held back by the ongoing failure of the planning system, according to new research from the Federation of Small Businesses (FSB). Its latest Voice of Small Business survey finds that 69% of small businesses have to wait more than the maximum eight weeks allowed by ministers for local authorities to decide on most planning applications. And less than a third of all applications (30%) were decided within the allocated timeframe — despite Government promises of a faster and fairer planning system. The delays cannot be blamed on complex planning applications says the FSB — one-third of applications were for a change of use of existing business premises and a quarter were for minor improvements and changing signage. Less than a third of applications... »

Mixed Picture as FSB polls SMEs in Quarterly Survey

The Federation of Small Businesses (FSB) latest ‘Voice of Small Business’ Index — its quarterly survey of confidence among UK small business — reveals that bank funding is still scarce and confidence is falling among many of the UK’s small businesses. Four in ten small firms have been refused credit by high street banks according to the survey. However, more than 50 per cent of respondents said they still plan to grow their businesses over the coming 12 months. But the proportion of firms looking to grow rapidly shrank from 10.9 per cent in Q1 to 7.2 per cent in Q2. The research also shows a tenth consecutive quarter of job cutbacks with a net balance of 3.9% of respondents announcing layoffs. Of 17 industry sectors measured, confidence fell in all but two. Confidence rose mode... »

Small Businesses Move Faster on Late Payers

Small firms are putting the pressure on and chasing overdue invoices more quickly than they were a year ago, new research has revealed. According to debt-recovery law firm Lovetts, small businesses are issuing Letters Before Action (LBA) 33 days sooner than during the same period in 2010. LBAs are typically sent out in an attempt to secure payment before legal action is started to recover a debt. The law firm said that the number of claims issued to recover payment had risen by 9 per cent, while the total value of claims had also increased by a quarter in the past year. Results were based on analysis of LBAs issued and claims made on behalf of Lovetts’ clients. Charles Wilson, Lovetts’ chairman and managing director, said the findings echoed business behaviour last seen just before the 200... »

Free Guide Helps Employers Manage Workplace Mental Health

Taking steps to support staff suffering from mental health issues can save small firms money ? that’s the message from the Federation of Small Businesses (FSB), following the publication of a free guide to managing mental health problems in the workplace. The Taking Care of Business guide (PDF), produced by the FSB and mental health charity Mind, offers tips on how employers can spot the signs of mental ill health, how to support staff, and how to reduce the chance of problems occurring in the first place. Research from the FSB highlighted that conditions such as anxiety, depression and stress affect one in six employees ? costing UK businesses, up to £26 billion a year. However, the business group said taking steps to manage mental health issues in the workplace could cut these costs by u... »

Budget Plan: Too Much Pressure on Small Businesses

It is unrealistic to expect small firms to lead the economic recovery on their own, the Federation of Small Business (FSB) has warned, after the Prime Minister said that the only strategy for growth was to get behind small businesses. Speaking at the spring Conservative Party conference, David Cameron said that the Budget on 23 March would be the most pro–growth this country has seen for a generation and would take on the enemies of enterprise. However, the Federation of Small Businesses (FSB) has warned that small firms will not be able to lead the UK’s economic recovery without strong Government support. “There is a lot of expectation and pressure being put on small firms.” said FSB spokeswoman, Prue Watson. “They are willing to do it, but it’s up to the Government to c... »

Small Businesses “Overlooked” for Defence Contracts

A new report out from the Federation of Small Businesses (FSB) has highlighted the difficulties faced by UK small firms in acquiring work with the Ministry of Defence (MoD). The report, The global defence and security industry: why small businesses matter, says that small businesses are at a "significant disadvantage" in the procurement process and urges for changes to the current system. The most telling fact in the report is that whilst there are 9,000 small firms in the defence sector, 90% of defence export contracts go to the UK’s 20 largest companies. The FSB wants the Government to play a greater part in facilitating access for small firms to the defence export market. John Walker, National Chairman of the Federation of Small Businesses, said: “The Government ha... »

Small Businesses Attract High Flyers

Small Businesses Attract High Flyers

Small firms are finding it easier to attract high-flying job candidates, due to the number of successful employees made redundant from big businesses, research from telecoms business O2 has revealed. The Not So Little Britain report found that a quarter of all employees recruited by small businesses now come from larger companies, due to changes in the job market caused by the recession. The study also highlighted how small firms contribute to the economy, predicting that small firms will generate more than 200,000 jobs a year from 2010. According to O2, small businesses have already overtaken bigger organisations regarding job growth in certain industry sectors — they accounted for 82 % of job growth in the construction sector during the last economic cycle and 93% of new jobs in th... »

Banks & SMEs: “Rebuild Trust” to Boost Lending

Banks & SMEs: “Rebuild Trust” to Boost Lending

Small firms requiring bank finance need to rebuild trust with their bank managers and demonstrate that they are viable to lend to, the Federation of Small Businesses (FSB) has urged. The call comes after an FSB survey of 1,400 small firms highlighted that bank lending to small businesses remains low ― only 18% approached banks for new credit in the first two months of 2010. Of these, just 50% of applications were successful. “There needs to be more openness and dialogue between banks and small firms,” said FSB spokeswoman, Sara Lee. “The banks need to show fair lending criteria and fair rates so businesses know they can approach them. Small businesses, too, need to speak to their bank managers and start to rebuild trust. They need to try to re-establish a relationsh... »

Page 1 of 41234