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Top 10 Points to help the self-employed and small companies

Self-employment in the UK is increasing significantly – up almost 50% since 2001 and the Global Entrepreneurship Monitor has put the UK at number one in Europe as the best place to start a business. The organisations that represent these small businesses have created a taskforce to lobby with the government, to enable this to continue and keep the UK a leading place globally for entrepreneurship.

The small business taskforce is made up of 11 organisations that collectively represent over two million small businesses, including Enterprise Nation, Centre for Entrepreneurs and National Enterprise Network.

Together, they have created a manifesto which sets out ten recommendations that it believes needs to happen for the UK to remain one of the best places to start and grow a business.The manifesto is being delivered in meetings over the next few weeks.

The new manifesto will aim to tackle problems, such as, what actually qualifies as self-employed amid an era of companies such as Uber and Deliveroo, uncertainty surrounding Brexit and also the problem of late payments.

The aim of the proposed manifesto is also not a one-time change with Emma Jones, founder of Enterprise Nation saying that,

“As a collective, we believe these ten points have the potential to deliver prosperity and fairness for all. Our plan is to update the manifesto as and when actions have been achieved – ensuring it’s a live document reflecting the needs of business owners in a time of rapid change”.

The proposed recommendations are as follows:

  1. Accurate statistics – creating a SME data consortium detailing even the smallest companies
  2. Definition of self-employment – A new definition that leads to fair taxation and a better understanding of working this way
  3. Procurement – making it easier for self-employed professionals to bid for government contracts
  4. EIS Tax relief – making existing tax schemes easier to apply for post Brexit
  5. Childcare support – better childcare support for self-employed workers
  6. Prompt payment – a gateway for small businesses to flag late payment concerns
  7. High street – consider a model tenancy agreement to enable small businesses to test trade on the high street
  8. Business support – create a group looking at how business support can be funded post Brexit
  9. Space – rates relief for co-working hubs in targeted areas where business start-ups are low
  10. The next generation – offer better exposure to small businesses and entrepreneurship in schools and higher education

The complete manifesto can be found here on the Enterprise Nation website.

Don’t forget to book your free place at our Start Up Cornwall event, that takes place in Truro on 18 April 2018. It is designed to showcase the range of funding and business support available to start-up businesses in Cornwall.

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