Sunny Belfast Hi 23 °C | Lo 10°C

Small business unimpressed by lack of Government help

Thursday, 7 April 2011

The economic picture remains changeable. Public-sector spending is facing the axe, and the Government is banking on the private sector to drive the economy forward.

But is it doing enough to aid the small-and medium-sized enterprises that are key to private-sector strength? If the results of a new survey of more than 1,500 SMEs are anything to go by, the answer is an emphatic no.

Less than a quarter of the UK business owners surveyed for the latest International Business Index, complied by the software group Sage, thought the Government was doing enough to provide support and advice for those starting a business.

Worse still, only 14% said the Government's information and advice was something they would count on.

Indeed, the lack of credibility is such that 46% of respondents said they had resorted to doing their own leg-work and relied on the internet for information and advice.

The Government also wins little credit when it comes to bureaucracy and legislation, on which nearly 60% expressed an unfavourable view.

Elsewhere, 40% were unimpressed when it came to the ease of access to capital and funding in the UK; when Sage questioned SMEs in other countries, including Canada, the comparable figure was almost half that for UK companies, with only 21% expressing a negative view.

One UK small business said: “Small business in the UK is strangled by the banks' refusal to lend under government guarantee schemes and the Government's total ignorance of life outside Westminster.”

The UK sample was broad, in that 40% of those polled were either owners or senior executives, while 43% were accountants or payroll administrators.

Lisburn Mayor's Awards for Volunteering

Lisburn Mayor's Awards

Accountants celebrate All-Ireland CIMA birthday

All-Ireland CIMA birthday

Northern Ireland Tourism Awards 2012

Northern Ireland Tourism Awards

Janus Hospitality Awards 2012

Janus Hospitality Awards 2012

Charity Ball at Titanic Belfast

Charity Ball at Titanic Belfast

Tele Business Awards gala 2012

Business Awards 2012

NI Chamber of Commerce Dinner

NI Chamber of Commerce Dinner

Ulster Restaurant Awards

Ulster Restaurant Awards

In Pictures: Belfast MAC launch

In Pictures: Belfast MAC launch

In Pictures: Directors dinner Belfast

In Pictures: Directors dinner Belfast

40 richest people in Northern Ireland

Northern Ireland 40 richest people

In Pictures: CIPR PRide Awards

In Pictures: CIPR PRide Awards

Pub of the Year Awards

Digital Advertising Awards Gala

Digital Advertising Awards Gala

Digital Advertising Awards Gala

Top 100 Companies - 2012

February 2012

Belfast Telegraph Business Month

When you visit this website www.belfasttelegraph.co.uk, we use cookies to enhance your browsing experience and serve you with advertisements which might interest you.

To find out more about cookies and how to manage them Click Here


Business Digest by Email


Sign up for your free weekly business newsletter

Latest Comments