SUPPORT FOR BUSINESS
Article

Tucked away in surprising places around Worcestershire are a huge number of small businesses, making things, repairing things, offering services. It’s a real pleasure as an MP to visit many of them to see what difficulties and opportunities they face. The economic growth we need will come in large part from these smaller businesses, so their future matters to us all.
This year the Government launched ‘Business in You’, a year-long campaign to inspire people to realise their business ambitions and to highlight the range of support available. There are now more ways than ever to get access to the information, guidance and advice you need to start and grow a business.

Funding is often the most difficult obstacle when starting or expanding a business. That’s why the Government has launched the National Loan Guarantee Scheme, which lets banks offer lower cost loans. A Start-Up Loan was also introduced to help 18-24 year olds set up and grown their own businesses – it’s particularly important that we unleash the business potential of the young.

The burden of too much regulation has weighed heavily on businesses for many years so the Government has launched the Red Tape Challenge to tackle this problem. It will identify regulations that could be removed, simplified or done in a different way. The Government is also reducing the burden of complying with employment law which will encourage more small businesses to take on staff.

Across Worcestershire we have a vast number of successful businesses who should be able to benefit from these reforms. The people running small businesses in Worcestershire who I meet generally tell me that, despite the frustrations, there’s no job more satisfying.

And if you want help locally, Wychavon district council, the Federation of Small Businesses, the chamber of commerce and Business Link can all help point you in the right direction.


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