FOR IMMEDIATE RELEASE

The Forum of Private Business is calling on Teresa May to give small businesses some clarity of the Government's plans for Brexit when she addresses Parliament.

Members of the Forum are reporting a reluctance to invest and grow whilst they are unclear on what the new landscape will look like.

Chief Executive of the Forum, Ian Cass commented, ' The Bank of England's Credit Survey on Friday said it all. Demand for credit from small businesses fell in the last quarter of 2016, and is forecast to fall again in the first quarter of this year. That's no surprise whilst businesses wait to see whether they face a hard or soft Brexit, and how the new trade arrangements will affect their future. For businesses to invest, employ and grow they need some certainty on the environment they are likely to be operating in. We are looking for the Prime Minister to give some clear direction to businesses when she updates Parliament.'

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About Forum of Private Business

The Forum of Private Business is a not-for-profit comprehensive business support organisation founded in 1977. Our membership is spread throughout the UK and primarily made up of companies that employ between 1-50 employees, helping them to manage employees, saving time, giving advice, support and protection where a business needs it.

We are a recognised leading authority on business issues and represent the interests of business owners on many consultative bodies. We have built a solid reputation, being influential in many areas of policy-making, in changing laws that affect small businesses, and we continue to campaign for the fair treatment of businesses within the UK.

Everything we do is about making sure our members’ businesses operate profitably. This means that every penny we make goes back in to supporting our members, providing the support and resources that will enable businesses to flourish and grow.