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Friday, 10 February 2012

Govt urged to stimulate industry growth

The government's "tentative steps" in the right direction outlined in the Autumn Statement need to become a "giant leap" if firms are to see genuine change in their business in the coming months, one sector body has claimed.

John Hall, national chairman of the Federation of Small Businesses (FSB), said chancellor George Osborne needs to "press ahead" with actions that have already been promised to create a better environment for small businesses to grow, as the Budget nears.

He noted that the Autumn Statement was a step in the right direction for small firms and welcomed the seed investment scheme, which encourages investment in small businesses from sources other than the banks.

"But firms have yet to benefit from credit easing, still find themselves locked out of public procurement contracts and risk being unable to access the Green Deal when it is introduced in the autumn. We urge the chancellor to keep up the pressure and be more ambitious in helping our members to grow, create jobs and flourish," he added.

Mr Walker said it is "clear" that small firms need to see action that has a direct impact on their day-to-day business if they are to grow and invest and give job opportunities to the unemployed, and especially for our younger workers to get the recovery on a "firm track".

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-801290117-ADNFCR

Source: The Sales Director News

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