The report from private equity firm Key Capital Partners found that 80 per cent of SMEs believe the government bill will provide them with greater access to funding. In fact, 95 per cent back the proposal. The purpose of the bill, to be implemented sometime next year if it passes, is to reduce ‘red-tape’ around growing businesses, which it will carry out with reforms to the Employment Tribunals system and employment practices. It will also look to improve access to finance and help achieve UK business expansion overseas. “SMEs have often struggled with accessing the finance necessary to maximise growth, and up to this point they have received little in the way of assistance from the government. However, our results show that the measures in the small business bill are a step in the right direction. With the government now standing firmly behind SMEs, growth continues to be a talking point for many businesses,” Peter Armitage, partner at Key Capital Partners, said. The Public Bill Committee is set to review the bill this November. A summary of the legislative process and policies can be found here.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.