Chancellor George Osborne will highlight the importance of small businesses to economic recovery in a speech today at the FSB’s 40th anniversary conference in Manchester.
To coincide with this milestone, the FSB revealed its ‘Voice of Small Business’ survey in which over half of the 9,000 small business owners surveyed say they want to invest, create jobs and deliver a thriving UK economy
Chancellor George Osborne, said:
“The success of small businesses is key to this Government’s long term economic plan, and the optimism about 2014 in the FSB’s members’ survey is testament to the decisions this Government has taken. But the job is not yet done.”
The Chancellor is expected to announce a new consultation on measures to help small businesses that have been rejected for a business loan, as well as a way to make it easier for small businesses to find alternative loan providers.
John Allan, National Chairman of the FSB, said:
“Accessing finance is essential for small firms to invest and grow. Recent years have seen those firms struggle to get hold of the finance they need. While lending small businesses is dominated by the big five high street banks, today’s announcement could help businesses find alternative lenders and introduce more competition into the market.”
Photo by Sue Langford