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Government Grants
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Having outlined a new framework for Government policy toward small business in December 2002, the DTI's Small Business Service (SBS) has unveiled a raft of initiatives aimed at boosting enterprise in the UK.
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Staff training and development organisation Investors in People has published a list of its 'top ten tips for maximising business potential', following a nationwide poll of small business managers.
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Scottish Enterprise has launched a scheme to promote female entrepreneurship in Scotland to increase the number of female-run start-ups.
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With the increasing trend towards promoting a work/life balance and the Government keen to promote the rights of families, there are a number of changes in employment law that have come into force from 6 April.
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A website has been launched to help small businesses comply with environmental legislation.
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Free advice on human resources issues such as recruiting and managing staff is available from a website set up by Investors in People, the organisation dedicated to training and development.
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A not-for-profit bank has opened in East London to provide financing to sole traders and micro-businesses (those with fewer than 5 employees), which do not usually qualify for loans from mainstream banks.
Government Grants
There are government grants available from both UK and EU organisations.
Advice
Small companies of any size could gain tax benefits from forming a Limited Liability Partnership (LLP) says accountancy firm Baker Tilly.
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Small and medium-sized businesses in Wales can get practical and financial help with intellectual property (IP) issues from a business support initiative.
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Small- and medium-sized companies looking to export goods and services should investigate Trade Partners UK, the government’s trade promotion body.
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In the small business world franchising can appeal to two types of people: those starting out who want to work for themselves and those who already have established a small business and now wish to expand the concept further.