Bigger better business: helping small firms start, grow and prosper

Bigger better business: helping small firms start, grow and prosper
Document type
Paper
Corporate author(s)
Great Britain. Dept. of Trade and Industry
Publisher
DTI
Date of publication
1 January 2011
Subject(s)
Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship, Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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This paper is focused on reforms to the way in which government ensures that start ups and existing small and medium sized businesses can access the information and business advice they need. It sets out the government's plans to

  1. Introduce a 'one-in-one-out' rule to reduce regulatory burdens on business; the biggest drain on business time and energy
  2. Introduce the aim that 25% of government contracts will be awarded to Small and Medium sized Enterprises (SMEs)
  3. Expand the Enterprise Finance Guarantee for the next four years, unlocking up to an additional £2 billion, helping up to a further 20,000 businesses.

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