Small businesses, which provide employment for over a third of the British workforce, need to receive more support, says the National Federation of Enterprise Agencies (NFEA).
George Osborne’s Budget announced that the UK’s Regional Development Agencies are to be abolished, to be replaced with “locally-elected leaders, working with business, to lead local economic development”.
The NFEA now wants to see local authorities take some leadership of this, to help establish and develop businesses in their area.
Businesses want to see more face-to-face support, and advice and training should be made available via independent, locally managed enterprise agencies, the NFEA added.
George Derbyshire, chief executive of the NFEA, comments: “As the Budget indicated, small businesses are central to economic growth and the experience, skills and local credibility of our members can make a great contribution to getting local economies back on track.”
The NFEA is outlining measures on how to boost the recovery via plans to work with councils and local enterprise partnerships.
“We look forward to establishing effective partnerships with the new local enterprise partnerships as they form.”