Local Community News

ISLAND’S SMALL BUSINESSES LOOKING TO GOVERNMENT FOR SUPPORT

JULIEJONESEVANSFSBIn the lead up to the General Election, the Federation of Small Businesses (FSB) was keen to engage with all Prospective Parliamentary Candidates (PPCs) in order to ensure that small businesses were a key consideration for the next Government.

The Isle of Wight branch of the FSB is extending both its thanks to all PPCs on the island for their participation and also congratulations to the Island’s newly elected MP, Andrew Turner.

In the day following the election over 2,300 FSB members responded to a survey asking what they would be looking for from the new Government. The FSB research found well over a third (35%) of the businesses questioned wanted a sustained economic recovery to be the top priority for the new Conservative Government in the next parliament. When asked what issues they would like the Government to focus on over the next five years, well over half (53%) said they wanted Ministers to reduce the regulatory burden on business, with simplification of the tax system a close second on 51 per cent.

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Business owners were also clear that reforming business rates and improving the employability of young people were important benchmarks for the next five years.

Julie Jones-Evans, Chair of the Isle of Wight Branch of the FSB, said:

“We have a number of key local issues that we will be bringing to the attention of the Island’s MP, including the performance of the Solent LEP in bringing growth to the Island and its relevance to our SMEs across all sectors and business rates reform.

“At this year’s FSB Conference, I witnessed the Chancellor’s pledge to not only review but reform the way business rates are calculated and applied. The Government needs to make this tax fair on small businesses, make it work for our towns and villages and address the changing face of business i.e. the impact of online shopping and large out of town superstores.

“We look forward to having regular dialogue with our MP about these and other issues such as telecommunications, youth employment and access to finance for the Island as a whole.”

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