government support

Lord Young Declares ‘Golden Age’ for Small Businesses

The prime minister’s enterprise advisor analyses the changing face of UK enterprise in new report Lord Young is optimistic about the future for small businesses, announcing they are entering a ‘golden age’ in a new report published yesterday. The Report on Small Firms 2010-2015 was compiled to analyse the UK business landscape and highlights business growth, the factors that impact small firms, and the government’s future support plans. Young, who acts as David Cameron’s advisor, revealed the huge increase in the number of small businesses, up by 760,000 and now equalling around five million in total. The report also underlined a record number of people in work (30.8 million) and a rise in firms with a social ethos – with social businesses presently accounting for 6% of UK enterprises. In ... »

Half of Small Firms Feel Government is “Out-of-Touch” with Their Needs

Majority of small and micro businesses find new export, childcare and employment law policies have had no impact on their business, according to Simply Business survey A new Simply Business report has revealed over half (56%) of small and micro-businesses feel that the government misunderstands their needs, with the majority stating that changes to exporting (81%), childcare (77%) and employment (69%) laws have had no influence on their business. The survey, titled Simply Britain Pulse Check, found that some policies have actually hindered small firms’ growth; with 33% of respondents singling out new red tape policy, 25% energy prices and overheads, and 21% access to finance. The report also revealed the main changes businesses want to see to increase their chances of financial growth, as ... »

‘Micro’ Firms Transforming The UK’s Business Landscape

Proportion of micro businesses rises 43% as amount of high growth firms drops by over 20% The number of ‘micro’ businesses has grown by 43% since 2000, with the UK now boasting 1.4 million companies with less than 10 employees. In contrast, the number of high growth firms has fallen by 20%, with zero-employee companies the fastest growing segment since the recession. The research, conducted by the RSA and titled Growing Pains, considers business owners’ views and public economic data. It found that as micro businesses have been the more dominant form of business, whereas high-growth companies – those achieving on average 20% annual growth in employment for three years – have been struggling. The research found that most mid-sized businesses fail to grow (79.9%) with more becoming small bus... »

Carbon Trust Initiative Help Cut Energy Bills

Carbon Trust Initiative Help Cut Energy Bills

Small firms are being urged to cut their energy costs by scrapping their old equipment and replacing it with more energy efficient kit, in a new campaign launched by the Carbon Trust. Under the Big Business Refit initiative, expert advice and financial support is available to small and medium-sized businesses to help them make the switch to new, more efficient technology. According to the Trust, businesses can save up to £14,000 a year on average.   “Business owners are realising that for every month they ‘make do and mend’ with old inefficient equipment, they are wasting more cash on unnecessarily high energy bills,” said Carbon Trust chief executive, Tom Delay. “With credit all but dried up elsewhere, the Big Business Refit breaks the deadloc... »