Small businesses are the lifeblood of the British economy

Small businesses can only succeed if local people use their services. When economic times were tough and family budgets had to be reduced, our high streets and lots of small businesses suffered. Fortunately the economy now seems to have turned the corner and we still have many thriving local businesses. But, in order for them to continue to thrive and to contribute to our local economy they depend on our support.

Promotion group, ‘For Droitwich Spa’ has now introduced the Droitwich Devotion Scheme to help small local businesses and their customers. I think will make a real difference in the town. Customers can get a loyalty card from one of the participating businesses in the town and collect a sticker every time they shop locally. Once they have filled the card up they can then send it to be entered into a monthly prize draw to win vouchers to spend in a local business. There are now well over 50 businesses participating in the town.

In December I supported the Small Business Federation’s ‘Small Business Saturday’, which was a major national campaign to encourage people to shop locally in the run up to Christmas. It is very encouraging to see schemes being devised locally and so local people are directly rewarded for supporting shopping in the town.

The Government is also doing its bit to help by extending small business rate relief until April 2015 and improving access to finance through the Business Bank, which provides long term help and addresses structural issues in the lending to small enterprises. Also, from April 2014 businesses will benefit from a £2,000 tax cut on their national insurance contributions.

Small businesses are the lifeblood of the British economy and responsible for nearly half the job creation in the UK. We have to continue to give them our support.


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