As promised by Business and Enterprise Secretary, John Hutton and in parallel with the budget, the Department of Business, Enterprise and Regulatory Reform has published its white paper ‘Enterprise: Unlocking the UK’s Talent’.
It sets out a 10-year planned approach to ensure the UK becomes a hot-bed of growth for new and existing business. It’s stated aim is to cut red tape especially for smaller businesses and also improve access to funding.
John Hutton commented on its publication, “The UK’s long-term prosperity lies in unlocking the talent of enterprise for people from all sections of society and in our small businesses, helping them to grow”.
Meanwhile, across Whitehall, Alistair Darling had promised an extra £100,000 of tax relief eligibility under the Enterprise Investment Scheme, an increase to the employee share limit for tax relief within the Enterprise Management Incentive Scheme from £100,000 to £120,000 together with a £60m extension to the Small Firms Loan Guarantee Scheme - itself being extended to small and medium firms.
It’s almost a case of the left hand actually knowing what the right one is doing.
1 comment so far
1 Mike Harmon // Mar 14, 2008 at 8:13 am
I came across your blog on Technorati. Nice site layout. I will stop by and read more soon.
Mike Harmon