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National Enterprise Network

Key organisations join forces in the support of small business post Brexit

27 October 2016 10:30

FOR IMMEDIATE RELEASE

National Enterprise Network is proud to announce its key role in the new Small Business Taskforce, a non-partisan collective of key small business organisations who together are committed to ensuring the UK retains its leading global entrepreneurship position in a post EU landscape. With the UK rating very highly for entrepreneurship - number one in Europe and fourth globally according to the Global Entrepreneurship Monitor - the role of the taskforce is essential at a time when the enterprise landscape and the country more widely is undergoing such a significant change.

Commenting on the development of the taskforce, Dawn Whiteley MBE, Chief Executive of National Enterprise Network said: “We are proud to be a founder member of the new Small Business Taskforce. As organisations representing small businesses of all shapes and sizes, we believe it is important that the voice of small business is heard as negotiations progress. We welcome the opportunity to work closely with Government to ensure the small business base of Britain can continue to prosper, delivering economic and social returns to our country.”

Together, the taskforce represents over a million small businesses and self-employed individuals, it recognises that there are key factors that have enabled them to flourish and plans to offer the government a clear route to ensure they are represented.

The taskforce has jointly made five key recommendations and is prepared to help the Government work on fresh plans of what business support and procurement could look like in a post-Brexit world. The five key recommendations are:

*Flexible workforce
The taskforce calls on the government to provide clear and unequivocal reaffirmation of the long-term residence rights of EU citizens currently working in the UK. It also calls for the Government to commit to keeping our labour market flexible which gives the UK a real comparative advantage over our European competitors.

*Workable tax regime
While the Government has already committed to a lowering of Corporation Tax, the taskforce calls for a commitment to no increases to National Insurance, and agreement from departments that consultation will continue to be carried out with those representing small firms ahead of introducing any further tax changes. For example quarterly digital tax data and any potential exemptions and reforms to Corporation Tax.

*Accessible business support
Many variations of support have been introduced over the years, from Business Link to Growth Vouchers and Growth Accelerator. A percentage of these programmes have been underpinned by EU funds. The taskforce would like to see a review of funding available for business support and plans for its expenditure.

*International trade for all
One in five small firms currently exports. Exporting increases productivity and leads to employment and growth. But while Brexit has brought opportunity, it has brought complication and a squeeze on margins for some of the smallest firms. There has never been a more critical time to encourage British firms to take their business to the world and offer help to navigate new issues. The taskforce recommends government experiments with export support, for the smallest of firms, in the form of Export Vouchers and Export Tax Credits, and rapidly show progress on trade deals with countries eager to do business including the US, China, Australia and New Zealand.

*Consultation with small business
To ensure that small business views are taken into account in trade deals and domestic policy, we have formed a Small Business Taskforce to offer government a clear route to over a million small businesses and self-employed individuals.

The taskforce is currently working on policy recommendations to share with Government and will continue to share details of its activity and findings at regular intervals.

- Ends –

About National Enterprise Network
National Enterprise Network is a unique membership body representing the enterprise support sector across England. We believe our members are crucial to England’s economic growth and our role is to support their work, we represent their interests, promote the results they achieve and connect them with opportunities for even greater success.

About Bright Ideas Trust
Bright Ideas Trust focuses on helping young people aged between 16 and 30 years, in particular those who are more marginalised and those not in employment, education or training (“NEET”), to enable them to start their own business. BIT provides a tailored and comprehensive package of business advice and support including providing links with experienced business mentors and supporting access to start-up finance.

About the Centre for Entrepreneurs
The Centre for Entrepreneurs promotes the role of entrepreneurs in creating economic growth and social well-being. It is an independent non-profit think tank founded and chaired by Sunday Times columnist and serial entrepreneur Luke Johnson and housed within the Legatum Institute. From championing migrant entrepreneurs and advocating support for ex-offender entrepreneurs, to uncovering how entrepreneurs are reviving declined seaside towns and proving the growth ambition of women entrepreneurs – among many other topics – the Centre leads public debate on how to make Britain more entrepreneurial. It is also home to the StartUp Britain campaign which tours the country to promote entrepreneurship.

About Coadec
Founded by tech entrepreneurs, The Coalition for a Digital Economy (Coadec) is a non-profit that campaigns for policies to support digital startups in the UK. We conduct research, host events, and run campaigns on behalf of the UK’s startup community. We work with digital startups and policymakers to create better policy for the digital economy.

About Enterprise Nation
Enterprise Nation is a small business network with more than 75,000 members. Its aim is to help people turn their good ideas into great businesses – through expert advice, events, networking and a modern membership. Enterprise Nation was founded in 2005 by Emma Jones MBE also co-founder of StartUp Britain and one of the Prime Minister’s Trade Ambassadors.

About EISA
The Enterprise Investment Scheme Association (EISA) is the trade body for both the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS) in the UK. EISA supports and promotes policies and initiatives that facilitate the smooth flow of risk equity capital from private individuals to smaller companies thereby benefitting the UK economy.

About Global Entrepreneurship Week
Global Entrepreneurship Week is the world’s largest entrepreneurship campaign. Created in the UK, over the last decade GEW has engaged millions of people in entrepreneurship and helped thousands of UK entrepreneurs start businesses.

About ICAEW
ICAEW is a world leading professional membership organisation. Our members have the knowledge, skills and commitment to maintain the highest professional standards and integrity. Together we contribute to the success of businesses around the world.

About IPSE
IPSE represents 21,000 freelancers, contractors and consultants from every sector of the economy and it is our ambition to become the voice for the 4.6million self-employed people across the UK.

About NACUE
NACUE is the leading membership organisation for engaging students in enterprise, set up by students for students. We give college and university students the opportunity to boost their skills, confidence and aspirations through supporting student-led enterprise societies, running inspiring events and advocating practical learning.

About the RSA
The mission of the RSA (Royal Society for the encouragement of Arts, Manufactures and Commerce) is to enrich society through ideas and action. It believes that all human beings have creative capacities that, when understood and supported, can be mobilised to deliver a 21st century enlightenment. The RSA works to bring about the conditions for this change, not just amongst its diverse 28,000-strong global Fellowship, but also in institutions and communities. By sharing powerful ideas and carrying out cutting-edge research, it builds networks and opportunities for people to collaborate – creating fulfilling lives and a flourishing society.

About Social Enterprise UK
The national body for social enterprise and a voice for the 70,000 social enterprises in the UK. These enterprises contribute £18.5 billion to the UK economy and employ almost a million people.

About The Entrepreneurs Network
The Entrepreneurs Network is a think tank for the ambitious owners of Britain’s fastest growing businesses and aspirational entrepreneurs. Through research, events and the media, The Entrepreneurs Network bridge the gap between entrepreneurs and policymakers with the aim of helping to make Britain the best place in the world to start and grow a business. The Entrepreneurs Network is also the Secretariat of the All-Party Parliamentary Group (APPG) for Entrepreneurship.

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About National Enterprise Network

National Enterprise Network is the only membership body in England representing those working in the enterprise support sector. We believe our members are crucial to Britain’s economic success. Our role is to support their work, promote the results they achieve, and connect them with opportunities for even greater success. NEN membership is traditionally, but not exclusively, made up of not-for-profit enterprise support organisations providing independent and impartial advice, training and mentoring to new and emerging businesses. The organisation represents a variety of enterprise support organisations; including enterprise agencies, Chambers of Commerce, local authorities and other specialist providers.

http://www.nationalenterprisenetwork.org/

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