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Lord Sugar should give up his day job

The campaign, published in the upcoming September issue of the magazine, is our vision of the sectors, government policies, leadership styles, types of funding and ways of working that will rescue the country’s economy and help entrepreneurs thrive.

We believe that Lord Sugar must become a full-time ambassador for business. If the role of Enterprise Tsar is important enough for Alan Sugar to be made a peer, then it is important enough for him to devote exclusive attention to it.

The need for this figurehead for small business is all the greater because of the distractions placed upon senior staff at BIS and, in particular, business secretary Lord Mandelson.

Real Business is also demanding the creation of a £1bn investment scheme for small firms. Start-ups are facing a catastrophic lack of finance; early-stage financing has fallen by more than half since 2006, and while government schemes are being launched to minimise the impact, collectively these schemes are little more than a sticking plaster over a gaping wound. 

The solution is a £1bn venture capital fund to provide seed funding and early-stage finance.

The full 10-point manifesto will be published in the September issue of Real Business.

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