Spending Review 2010: Concerns aired over SME impact
Andy Tait, executive director at specialist business finance provider Bibby Financial Services, said it supported attempts to make the public sector leaner but questioned how the cuts would affect the small to medium sized enterprise (SME) sector.
“George Osborne and Vince Cable’s discussion on the issue of access to finance for small businesses in August, and the subsequent Green Paper, provided a shining beacon of hope for firms struggling with accessing finance. Yet we now see Osborne cutting the budget for the Department for Business, Innovation and Skills by 7.1%, at a time when investment in private sector businesses is imperative for economic growth. Hopefully the issues raised within the paper will still be addressed rather than
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