CHILD
ENTREPRENEURS?
(17 December 2002)
Giving
every child an experience of enterprise by the time they leave school
is to be a part of the new three-year strategy for small businesses,
unveiled today. Other aims include an enhanced strategic role for
the SBS, boosting the profile of Business Link and ensuring a better
regulatory environment for small firms. The strategy, "Small
Business and Government - The Way Forward", is designed
to encourage more people to have the ambition of starting their
own business and give anyone who takes that step every chance to
succeed.
Launching
the strategy, Martin Wyn Griffith, Chief Executive of the SBS said:
"This is a three year strategy with a long-term vision. We're
fine-tuning the way we work in order to ensure a better engagement
between government and the small business community. The SBS will
work as a centre of expertise, an innovator and an engine of change.
Our aim is to encourage people from all works of life to want to
start and grow a business."
The
strategy focuses on seven 'pillars' to boost the UK's entrepreneurial
culture. They are:
- building
an enterprise culture - including helping young people gain an
understanding of entrepreneurship through influencing them at
school;
- encouraging
a more dynamic start-up market - a series of local enterprise
events will bring together Government and private service providers
to give potential entrepreneurs information about help available;
- building
the capability for small business growth - raising performance
through boosting management skills and workforce development.
Recent SBS research has shown the massive benefit that goes with
taking professional advice;
- improving
access to finance - ensuring gaps in finance provision are met,
through initiatives like Early Growth Funding and the completion
of the Regional Venture Capital Fund scheme across the country;
- encouraging
enterprise in disadvantaged communities and under-represented
groups - such as continued investment in projects through the
Phoenix Fund. SBS targets are now in place to reduce the gap between
start-ups in the most and least disadvantaged areas;
- improving
small businesses' experience of Government services - SBS will
work with other Government departments and agencies to provide
more joined-up services to small business and easier access to
those services via a new Business Link portal;
- developing
better regulation and policy - SBS will work with the Small Business
Council and the Better Regulation Task Force to ensure policy
makers take full account of small business views. By March 2003
SBS will introduce a 'small firms impact test' to ensure that
small firms concerns are considered at the very earliest stages
of policy-making.
The
strategy builds on the Pre Budget Report paper Enterprise Britain:
a modern approach to meeting the enterprise challenge and the joint
Treasury and SBS Cross Cutting Review of Services for Small Business
report, published in October.
Welcoming
the report William Sargent, Chairman of the Small Business Council,
the body that advises Government on small business issues, added:
"We are encouraged that our vision for the SBS as a key policy
partner for Government Departments has been welcomed, and we look
forward to supporting the SBS in its new role".
The
full document is available on the SBS
website.
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