The control of lending should be taken out of the hands of bankers and placed in the hands of an independent "Investment Approval Authority" (IAA) who would be licensed to prepare approval certificates for presentation to banks. See my Blog at www.taxmatters.eu for a full explanation of the idea.
Give the role to Local Enterprise Partnerships to properly coordinate and deliver business support, with appropriate budgets from BIS and other relevant government departments devolved. They are partnerships of local businesses with local authorities and other public sector services and know their local economies well, so could tailor services to meet local needs. LEP overlaps might need to be sorted to prevent duplication ...more »
FE colleges are in the heart of their local business communities. Some colleges recognise their potential to support new and growing businesses. They can become a natural venue for SMEs to meet. The Gazelle Colleges Group have launched 'Gazelle Local' with the aim of engaging with local SMEs for mutual benefit. There is an opportunity here that should be built on.
Many proto-businesses get carried away with the idea that there is a golden stash of cash out there, called funding, which will help them in all their endeavours to get their business up and running. Funding is a panacea to all start up ills they argue: without it, there is no business; without it, they have no livelihood; without it, they are unable to turn their unique, gleaming shiny idea into a world beater which ...more »
The most logical place to find business advice and guidance is surely your local Chamber of Commerce. These organisations are both local in their availability and knowledge yet also have a regional, and through the British Chamber of Commerce, national influence, coverage and voice. The Chamber is ideally placed to provide networking opportunities galore and business support for both new and growing businesses. The ...more »
Dear all We wanted to thank you all for the contributions to our work on helping to assess how we can better organise the business landscape to directly benefit small and medium sized businesses. We are very grateful for your inputs, which were immensely helpful. The top 6 ideas, receiving the highest votes were: 1. Advice on grants for SMEs (24 votes) 2. Local Enterprise Agencies should be given a bigger role ...more »
If you look at the coverage in the media of the lack of success of the Funding for Lending Scheme, it seems that it is just another opportunity to kick the banking profession for not lending to small businesses. My experience in talking to business managers at my local clearing banks is that they are willing to lend, albeit under tougher conditions than may have applied in the past, but that businesses do not want ...more »
set up a local panel to review new patented ideas originating from Sheffield to advise,attain funding to patent in Europe and the USA. to be paid back with costs to defend patent from larger organizations. specifically for companies that do not have the financial resources to exploit ideas. Refunds on rates for profit generated by patent if it creates jobs in Sheffield and stays in Sheffield.
The potential of the Chambers of Commerce is a great source of business support and the most appropriate business signposting vehicle. The regional and national government via BIS should provide more support and funding to the Chambers of Commerce so they can enhance their existing business support and be more pro active. There are also the Networking opportunities that can be made via the Chamber. Regards Gary Saunders. ...more »
Companies House should notify every newly registered company of the website address of their nearest Chamber of Commerce.