CBI reveals plans to encourage SME growth


A series of new measures have been unveiled to encourage growth for small to medium-sized enterprises (SMEs) in the UK.

The Confederation of British Industry (CBI) has partnered with built asset consultants EC Harris to develop a new report on how to rejuvenate the economy.

Among the study is a call to offer a business rates “holiday” for firms during their first year after moving into empty premises in an attempt to reduce the number of uninhabited properties on the high street.

Another measure is to encourage public bodies to free up surplus assets – including properties and land – to allow for future regeneration. The idea here is to create modern offices and good transport links, which will in turn encourage SMEs to invest.

EC Harris’s UK regional leader Tim Neal said: “The private sector has an important role to play in fostering the growth of our local economies and creating thriving communities across the country.”

Posted by the Secret Businessman