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Only Half of Small Business Owners Support Osborne’s “Northern Powerhouse”

Only Half of Small Business Owners Support Osborne’s “Northern Powerhouse”

Just 50% of small to medium sized business owners back chancellor of the exchequer George Osborne’s “Northern Powerhouse” plan, according to a new report Federation for Small Businesses (FSB). The survey of more than 3,000 members, revealed that while nine in 10 (93%) small business owners claimed to know about the “Northern Powerhouse” – a fifth (21%) said they were not actually clear what the concept meant in practice. Furthermore, almost a fifth (16%) of Northern firms still need to be persuaded about how the “Northern Powerhouse” concept will positively impact their business. Small enterprises cited greater local control over spending (40%) as their top priority for the “devolution revolution” alongside investments in digital infrastructure (37%), inter-city transport (37%) and workpla... »