Small Business Taskforce creates wish list to ‘strike a chord at the heart of government’
The group has published a list of 10 policy suggestions which aim to “offer insight into the needs of smaller companies”
The UK’s Small Business Taskforce has published a 10-point wish list of measures it hopes the government will introduce this year to aid small firms and start-ups.
The group, which was created to combat the fear that the “entrepreneurial environment” for smaller enterprises was disappearing following the Brexit vote, is hoping the suggestions will “‘strike a chord at the heart of government”.
The 10 suggestions are:
- An introduction of Export Vouchers
- An extension of the Enterprise Investment Scheme (EIS)
- Exemptions to HM Revenue & Customs’ Making Tax Digital initiative
- An inclusion of small businesses in corporate supply chains:
- Confirmation of long-term residence rights of EU citizens currently working in the UK
- A review of Universal Credit
- A review of pensions and retirement security for the self-employed
- A clarification on business support: A percentage of business support programmes have been underpinned by EU funds. The Small Business Taskforce would like to see a review of funding available for this and proposed expenditure plans
- Consultation with small business into making tax fairer and simpler for the self-employed, and to reflect the substantial contribution small businesses make to British economic prosperity in domestic policy and trade deals
- A more positive portrayal of the role of small businesses and the self-employed
Members of the Small Business Taskforce include Enterprise Nation, Social Enterprise UK and Centre for Entrepreneurs.
Emma Jones, founder of Enterprise Nation and group spokesperson, said:
“We know that government plays an important role in creating the right culture and environment for small businesses to flourish. There are 5.3 million businesses in the UK and around 99% of them are small businesses. Acknowledging their important contribution and listening to their concerns will be critical in 2017.”