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Small Business, Big Vote-UK-2010

Small Business, Big Vote-UK-2010

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Published by: nedivanova on Mar 03, 2010
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Small Business, Big Vote
The Route to Recovery
FSB 2010 Maniesto
EmploymentTaxationFinanceEntrepreneurship and InnovationLow Carbon EconomyLocal Communities
Maniesto 2010
Current and uture governments will be orced tomake complex and torturous decisions as theyplot a course to recovery. Based on expert opinion,extensive research and survey data, this documentaims to inorm the crucial decisions that will be takento tackle the budget decit.This report draws on the top-line results o the mostextensive survey o the small-business communitysince the recession began. The FSB–ICM Research
Voice of Small Business Annual Survey’
revealsthat, despite diculties, small businesses are alreadyleading the way back to growth. The survey’s ndingsshow that around three in ten small businesses haveseen prots (27 per cent) and sales volumes (30 percent) grow in the last year.More encouraging still, over hal (53 per cent) osmall businesses have continued to introduce newor improved products or services in the last 12months. A similar proportion (51 per cent) intend tointroduce new products and services in the next 12months. Despite the recession, the desire to innovateis undimmed in the small-business community andmight even have been encouraged by the diculteconomic conditions. Although encouraging, these results should not beread as a signal to pull the plug on the economicstimulus just yet. In act, these signs o recoverystrengthen the argument or targeted measures tonurture this tentative growth. A sustained recovery will require more nance than thebanks are currently able or willing to give; it will requirea sympathetic tax regime, a stable and predictablebusiness environment, and targeted measures tobring on innovation and entrepreneurship. In short,the government most able to get conditions rightor entrepreneurs and small businesses to thrive willbe the government best placed to guide us out orecession and back to growth.Much has already been done to support the small-business community through this recession and theFSB, never an organisation to merely comment romthe sidelines, has led the way in proposing measuressuch as the Enterprise Finance Guarantee, FinancialIntermediaries, Graduate Internships, the Enterprise Allowance Scheme and the reorm o apprenticeships.The proposals contained in this publication build onour progress to date. They are realistic proposals inthe current climate, in some cases aimed at divertingunds to small businesses to help the economygrow or, where additional expenditure is suggested,this will be covered by growth in the small-businesssector. Armed with expert advice rom the Centre orEconomic and Business Research, the WestminsterBusiness School and survey data rom ICM andnumerous other reports, we propose measuresthat will help small businesses to help the UK outo recession.
John Walker
Policy Chairman
‘Labour Market Statistics’ (November 2009)
Voice o Small Business’
Annual Survey (2009)
The UK will go to the polls in the midst o an economic crisis.Evidence o recovery is ar rom conclusive and unemploymentcould still grow considerably. In the last year, the nation’s total netdebt has risen to £800 billion, productivity has been slashed by5 per cent and one in ve under-25-year-olds is unemployed.

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