Call now 0208 663 4000
Or "Contact Us" and we'll call you back !

Monday 24 August 2015

Which Political Party Offers The Most Support For SMES?

Image Source: Mark Pack
When it comes to the political divide there’s one thing that all entrepreneurs and SMEs can agree on: extra government support is needed. 

The Entrepreneurs Network recently carried out an annual poll of 100 MPs, which shows that Labour and Conservative MPs have very different views on how best to support British entrepreneurs and SMEs.

Growth Business highlighted the key findings from the report:
  • ‘It suggests almost two-thirds (63%) of Labour MPs believe increasing grants and loans for entrepreneurs would be the best way to support them’
  • Among Conservative MPs, ‘a regime of tax cuts, including slashing business rates and corporate tax, is the most popular policy for driving entrepreneurial growth. Almost all (89%) from the ruling party are in favour of this approach’
  • ‘The issue that splits the house more than any other is the potential impact of the UK leaving the EU – or Brexit. More than half (58%) of Conservative MPs believe that this would be a positive move for entrepreneurs – whereas only 1% of Labour MPs feel the same way’
MPs Are Vocal
  • Growth Business quotes the Entrepreneurs Network Director Philip Salter as saying he was encouraged to see that 'MPs are increasingly vocal about supporting Britain’s entrepreneurs’
  • ‘But he added he found MPs respective view on the EU the most enlightening – especially Labour MPs’ strong support for the EU.’
Ill-Informed About Current Programmes

Growth Business says both sides seem equally poorly informed about current support structures
  • ‘More than one-third of Conservative MPs (38%) have not heard of the Seed Enterprise Investment Scheme (SEIS). And a further 18% don’t feel they know enough’ to comment
  • Labour MPs, despite presenting as broadly supportive of introducing more grants and loans, are ‘also similarly ignorant of current government programmes. More than half (61%) were not aware of Innovate UK – a series of competitions in which £536m of government money is up for grabs’
See the full piece on Growth Business.

360ict provides managed IT services and emergency IT support for SMEs in central London and the south-east, including Bromley and Croydon. For more advice on gaining competitive advantage as a mid-sized company, give us a call on 0208 663 4000 or head to our website.


  1. I feel extremely upbeat when individuals look into such sort of the action. Social working is the great side interest and everybody should try to get help to manage thesis work. I offer for the individuals to participate in this occasion and help the needy individuals.

  2. BookMyEssay is offering online Marketing Automation Assignment Help to all the student at the reasonable cost. We have recruited a significant number of professional writers who understand the assignment writing standards and ready to provide you best assistance before the set deadline.

  3. Both parties are announcing different rewards and bounties for entrepreneurs but you should check their previous record and prefer that party who did very well for professionals because maybe other party will never help new learners and they will face issues. I hope, you will decide wisely. Assignment writing service.

  4. These tech award nomination is good and you nominate deserving people in this list. I would like to show my leisure management software which help you to maintain your free time and keep record of it.

  5. It's very nice of you to share your knowledge through posts. I love to read stories about your experiences. They're very useful and interesting. I am excited to read the next posts. I'm so grateful for all that you've done. Keep plugging. Many viewers like me fancy your writing. Thank you for sharing precious information with us.Best it support company service provider.

  6. endpoint security services you can secure your system with exceptional Endpoint security services that causes no harm and simply a call away.

  7. Thank you for sharing your knowledge through your posts. I enjoy reading your stories. They are very helpful and informative. I look forward to reading the next posts on dissertation topics. I will also interact with people and provide information for the students. if you don't know let me know I'll send dissertation topics to you