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FSB backs entrepreneur scheme
The Federation of Small Businesses is urging the government to expand a scheme that provides local authorities with around £300m a year to support entrepreneurship.
The government is planning to replace the Local Authority Business Growth Incentive (LABGI) scheme with an alternative that would see local authorities receive only £100m a year.
"Given the economic hardships that many are facing at the moment, a less generous scheme to support local businesses is exactly the wrong thing to do," said Roger Culcheth, FSB local government chairman.
"Extending and improving the existing LABGI scheme would be a shot in the arm for the 4.5m small businesses that generate over half of the UK's wealth."
Post Date: July 2nd, 2008