With our Small Business Britain Charter now live we thought you might be interested to read some of the key findings from the YouGov survey which questioned over 1,000 small business owners from around Britain.
The survey was split into three focus areas, what Government needs to do for small businesses, what banks need to do for small businesses, and what small businesses can do for themselves over the next year and beyond.
In order to avoid posting a novel, we will focus on the first two today and the third tomorrow!
… the UK Government
• 40% of respondents called for a reduction in employers’ national insurance contribution.
• 30% called for Corporation Tax deferment
The UK’s small business community are a leading contributor to the country’s employment and economy. In the run-up to the 2010 General Election, small businesses are looking to the successfully elected party to develop programmes and policies that will encourage growth in this economically difficult time.
… the UK Banks
• 45% of respondents felt that banks needed to offer better rates for small businesses.
• 35% of small business owners wanted interest cuts to be passed on in full.
There is a general feeling among small businesses that the UK banking industry could be a lot more helpful and supportive.
The focus on lending is unsurprising given that this was a key problem during the recession. Despite the UK’s small business communities’ demand for new loans currently sitting at around £600 million a month (British Bankers Association, November 2009) the survey sample felt that banks are still failing to recognise the potential of small businesses and pass on support.
If you are interested in reading more about the survey results and seeing how they fit into the Small Business Britain Charter why not join Small Business Britain today and have your say!
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