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We are supportive of initiatives such as ‘productivity through people’
where large businesses reach out to SMEs in their supply chain through a co-funded development programme.
Clean growth We welcome the government’s commitment to clean growth, including investment in the underlying infrastructure on which a future low-carbon economy will rely. However, we urge the government to provide clarity on the role that small businesses will play as consumers and generators of energy, as well as providers, and of products and services within the UK energy supply chain.
Business support We are very supportive of local industrial strategies for England ensuring that Local Enterprise Partnerships (LEP) are at the heart of this. The commitment to improving the
governance, accountability, and transparency of LEPs is a positive step. We also welcome
the commitment that all small businesses in England have access to a local growth hub. Given the unhelpful level of churn in the
business-support landscape in England in particular, we welcome the commitment to build on this programme and continuation of funding. LEPs must, however, build their industrial
strategies and growth plans around a full picture of their local economies. At the
moment, they do so only with information on companies that pay VAT and use PAYE, ignoring micro-firms and the self-employed – around half of UK business. To support small businesses to plan for
strategic growth, they need a holistic support system and, whilst it is reassuring to see commitments to make it easier for firms to get information online and the continued investment in the national Business Support Helpline, much more needs to be done. We look forward to the future consultation
Whilst it is reassuring to see commitments to make it easier for firms to get information online and the continued investment in the national Business Support Helpline, much more needs to be done
on the UK’s Shared Prosperity Fund and ensuring small businesses do not lose out in relation to the funding they would have received from the structural funding.
Good work Small businesses provide 60% of all private- sector employment in the UK and have a critical role to play in offering good work and helping those furthest from the labour market to find high-quality employment. We will be taking part in the upcoming Taylor Review based on his report. CCR
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www.CCRMagazine.co.uk
January 2018
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