FSB calls for improved small business support

E-mail us

Your login

Use the link below to access your online portal.


GRENKE partner portal

GRENKE customer portal

We're here for you.

Would you like to know more about our services? 

Call us on: +44 (0) 1483 4017 00

Greater support for small businesses is being urged by the FSB

A new report has been published by the Federation of Small Businesses (FSB) examining the additional support that Local Enterprise Partnerships (LEPs) could now provide to smaller businesses in their area.

Produced in partnership with the Institute of Chartered Accountants for England and Wales (ICAEW), the report has identified several weaknesses regarding the stance of many LEPs when it comes to the manner in which small business support is presently provided.

Set out in the paper are a number of key principles which both FSB and ICAEW believe could deliver an important boost to small business operators across the length and breadth of the country in the coming years.

These include the need to review existing provisions for small business support in all local growth objectives by LEPs, as well as a focus on the benefits of small business growth to local economic conditions.

In addition, LEPsĀ are being urged to focus upon limiting the number of initiatives it uses to bolster small business growth, instead delivering a smaller range of focused schemes that are more highly-suited to delivering real and lasting gains for industry.

National chairman of the FSB Johan Allan stated: "There is no 'magic bullet' solution that will work across the country, because every locality has unique needs that individual LEPs must satisfy.

"But a long-term approach based on proper evaluation of initiatives, coordinating plans nationally and focusing on fewer, more targeted initiatives will all work to raise business performance."

He added that 99 per cent of all UK firms are small businesses and therefore these companies are the lifeblood of local economies and the national economy as a whole.

Mr Allan therefore concluded that growing these businesses and giving operators the confidence to expand and improve will form an important part of ongoing efforts to rebalance levels of growth across all parts of the country, rather than the present state of affairs that sees these efforts being more commonly focused on London and the south-east.