The Chancellor has made plans to help with funding issues and stimulate growth in the SME community. They will be given the opportunity to focus on running their businesses, rather than facing the hurdles of the red tape surrounding issues like planning laws, employment laws and health and safety, which will all be relaxed.
The pressure will also be reduced, as plans to put in place auto-enrolment pensions have been postponed as well as extending the business rates holiday by 6 months.
The opportunity for SME’s to attract cash investments to assist with their growth has increased, due to the relaxation of the rules governing the main Enterprise Investment Scheme.
Our initial reaction to this is that it sounds all very interesting and positive but the proof as ever is in the delivery rather than the sound bites. Beer & Young have a 14 year track record of delivering what business owners really need, which is new money.
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