How will the new parliamentary group for entrepreneurship help SMEs?

posted by 3 years ago in News

Enterprise education, exporting, tax reform and female founders are the four key policy areas that will be focused on by the all-party parliamentary group (APPG) for entrepreneurship that’s been launched by the Business Secretary Sajid Javid MP.

Business owners are expected to be informed by the APPG of any changes made to policy and how these changes might impact their businesses. This is particularly relevant in light of the leave vote in the EU referendum.

Sajid Javid commented:

“I want to make Britain the best place to start and grow a business by backing entrepreneurs to drive forward our economy. In an environment that encourages innovation and ideas, this government is championing ambition and creating jobs.

“I’m proud today to be launching the APPG for Entrepreneurship, which will make sure the voice of entrepreneurs is heard loud and clear in Parliament.”

Philip Salter, founder of the Entrepreneurs Network, will be heading up the APPG as secretariat:

“Successive governments have become increasingly supportive of British entrepreneurs, but it’s time for politicians across the Houses of Parliament to get stuck into the policies that will make a real and lasting difference. We believe key reforms in these four policy areas will go a long way towards cementing Britain’s position as an internationally competitive centre for entrepreneurship.”

In the first year, the APPG for Entrepreneurship will focus on four policy areas:

Enterprise Education

How can we ensure our schools, colleges and universities equip students with the skills necessary to start businesses?

Exporting

What’s holding back British entrepreneurs when it comes to exporting?

Tax Reform

What reforms can we make to the current tax system to further encourage British entrepreneurs?

Female Founders

Why are too few women-led businesses reaching the same economic scale as that achieved by male-led companies?

The expectation is that the new group will form a bridge of communication between entrepreneurs and the government. With the Brexit decision that might be a bigger job than expected!