Micro businesses key to more jobs, says Cameron adviser
13 May 2013
The UK’s micro businesses are the key to getting more people into employment, according to David Cameron’s enterprise adviser, Lord Young.
Mon, 13 May 2013The UK’s micro businesses are the key to getting more people into employment, according to David Cameron’s enterprise adviser, Lord Young.
In a report entitled ‘Growing Your Business’, Lord Young lays out a series of measures to unleash the potential of nearly 1m firms that employ between one and nine employees to grow and to take on additional staff.
“If just half of the UK’s micro businesses took on an additional member of staff, unemployment would be reduced to almost zero,” said Young, who served as a minister under former Conservative Prime Minister Margaret Thatcher.
Among the recommendations are an expansion of the government’s start-up loans programme, a new scheme to provide better advice to young firms and measures to make it easier for SMEs to bid for public sector contracts.
As part of the initiative to boost jobs growth among micro businesses, today the government also published new guidance for taking on new employees, which was written in conjunction with the Institute of Recruiters.
In a report entitled ‘Growing Your Business’, Lord Young lays out a series of measures to unleash the potential of nearly 1m firms that employ between one and nine employees to grow and to take on additional staff.
“If just half of the UK’s micro businesses took on an additional member of staff, unemployment would be reduced to almost zero,” said Young, who served as a minister under former Conservative Prime Minister Margaret Thatcher.
Among the recommendations are an expansion of the government’s start-up loans programme, a new scheme to provide better advice to young firms and measures to make it easier for SMEs to bid for public sector contracts.
As part of the initiative to boost jobs growth among micro businesses, today the government also published new guidance for taking on new employees, which was written in conjunction with the Institute of Recruiters.
