Coventry and Warwickshire praised for their part in SME growth

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Local authorities across Coventry and Warwickshire have been recognised for their commitment to helping small and medium-sized businesses in the area get off the ground.

 

 

Councils in the region have invested in a number of schemes aimed to improve the chances of success for local SMEs.

 

In Warwickshire, for example, the county council has worked hard to increase the amount of footfall to towns, as well as helped secure apprenticeships, grants and loans for smaller firms operating in area.

 

The Federation of Small Businesses Warwickshire and Coventry chairman Ian O’Donnell, said: “We were delighted with Warwickshire County Council’s application as it highlighted a number of key initiatives that support small firms. [The council] stood out as an authority that is always thinking about the impact on small firms and making practical efforts to help them flourish.”

 

Coventry Council was also recognised for its work to help SMEs – it has some innovative campaigns in place which not only secure the companies’ futures, but also those of the people the firms employ.

 

The fact that there are councils out there who are actively helping SMEs is excellent and could hopefully go some way to encouraging their northern counterparts to make a greater effort to help businesses in that region.

 

Especially since a report from think tank Centre for Cities noted that this part of the country will be worst hit by Whitehall spending cuts. 

 

SMEs in Blackburn, Hull and Liverpool are among the northern cities that will be particularly vulnerable to cuts because of austerity measures and reduced spending power, which will in turn affect local businesses, the Guardian reports.

 

Alexandra Jones, chief executive of Centre for Cities, said: “Small and medium-sized businesses are the lifeblood of the UK’s economy but many have been particularly affected by the impact of the recession on their local economies.”

 

If the government were to give more power to councils in the north, they could make greater decisions about their spending, including how to invest in SMEs in the region.

 

Posted by the Secret Businessman