Businesses need more government support

Government schemes to help out UK small businesses are nowhere near good enough, a survey carried out by SME website cmypitch.com has found.

Ninety percent of the 2,000 entrepreneurs and business owners surveyed by the site said that the government is not supporting SMEs sufficiently, and the majority of respondents were not even aware of the schemes designed to help them.

For those that had heard of government schemes, such as the Enterprise Finance Guarantee (EFG) scheme, Train to Gain, the Working Capital Scheme and other recent initiatives, very few have been able to successfully access or use them.

More than half of all SMEs have never heard of any of the schemes, and eligibility, red tape and efficiency of provision are creating an insurmountable barrier for many.

Most see a Conservative government as the solution for creating a better business environment.
Cashflow, gaining customers, and access to finance were the biggest mid-term issues, with retaining customers and finding the best staff also key concerns.

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