Bulletin

London and South East SMEs laud business rates reform

Small Business Colleagues - Raising of the threshold for small business rate relief - SantanderCB

Wednesday's Budget has been lauded by business leaders and SMEs in London and the South East as good news for small businesses. Reaction has focused on one of the headline announcements, the raising of the threshold for small business rate relief. Tomer Guriel, CEO of fintech firm EZBob, said the move will provide a significant boost to thousands of businesses. 'Today's Budget announcement is good news for small businesses,' he said. However, Guriel believes the government could go further in reducing the stranglehold that traditional banks have over SME lending by promoting the benefits of alternative lending. This, he believes, will 'pave the way for a productive environment for entrepreneurs, a productive workforce and a productive economy'. He added: 'Going forward it would be good to see the government take this further and help those same small businesses access the additional working capital they need to accelerate their growth plans.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

An experienced early years practitioner in Devon has secured the future of a local nursery by acquiring the business in addition to their…

Where Next?