Free Business Support Cut to Size

The regulations around UK Government-funded support for businesses are to be simplified to encourage economic growth.

 

More than 3,000 publicly-funded support schemes will be cut by a sizeable amount to around 100 over the next two years through the Business Support Simplification Programme (BSSP), allowing the Government resources to be targeted where they have the most impact.

 

The changes mean that the main access route for businesses seeking support will be Business Link, The streamlining of the system means less cost and confusion over the government's annual £2.5 billion spend in business support. The new products will support business creation, innovation finance, risk capital and maximising the potential of foreign direct investment.

 

The Department for Business Enterprise and Regulatory Reform has announced that Martin Temple, Chair of the manufacturers' organisation EEF, will head the transition management board for the BSSP.

 

Business Minister Shriti Vadera commented: "This is an important appointment to ensure delivery of our commitment to simplify and ease the access of our support for growing businesses.

Featured Events

DateEvent and LocationEvent Summary
Jun 2008
Wed, 4 JunEminent professor, Lord Robert Winston, alongside two medtech giants, will offer opinions on company growth and the importance of size. From SME to global brands, are business development and innovation key to the success of all organisations?
Sep 2008
Wed, 10 SepEducation, networking, information and an opportunity to feedback, that’s what’s on offer at the 2008 West Midlands Medical Technologies Annual Forum, hosted by the Medical Technologies .
Wed, 24 SepThis seminar will be of interest to companies involved in the healthcare sector. As well as informative talks from industry representatives, this event is also an excellent networking opportunity.

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