Help for small and medium sized businesses

A Ballymena business man was keen to gauge what, if anything, the Assembly was doing to reduce costs for small/medium sized businesses. In light of the current economic climate this was a pertinent subject and not surprisingly all panel members were keen to put their points of view across.

It was the general consensus that the current bureaucracy and mandatory adherence to a large number of policies was pricing small businesses out of the marketplace. The SDLP’s Declan O’Loan, who is also a member of the Committee for Finance and Personnel, advised that there is an upcoming Committee enquiry into public procurement which he felt would make a positive contribution to helping local small and medium sized businesses.

Small/medium sized businesses account for 70-80% of the entire Northern Ireland economy, what steps to you think the government should be taking to ensure the survival and future growth of indigenous small businesses?

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