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Poor government advice costing small firms ‘£800m a year’
A review into how SMEs are supported by the government will report that poor advice is costing small firms around £800m a year.
The Anderson review, chaired by entrepreneur Sarah Anderson, was set up by the government to identify and evaluate the ways that small companies interact with Whitehall to ensure that they comply with laws on issues including employment, environmental standards and health and safety.
The review of more than 750 small and medium-sized firms found that government guidance left firms with a 'great deal of uncertainty' that put them off using the free advice service.
The Anderson review found that almost half of businesses paid for external advice, at a cost of at least £1.4bn a year. Over a third of small companies do not use any advice service at all.
The report will be published later this week and will make a series of recommendations that it estimates will save small firms over £800m a year.
Recommendations include new ‘quick start guides', face-to-face advisory sessions and the creation of a single point of access for SMEs seeking government guidance.
Post Date: January 27th, 2009
The Anderson review, chaired by entrepreneur Sarah Anderson, was set up by the government to identify and evaluate the ways that small companies interact with Whitehall to ensure that they comply with laws on issues including employment, environmental standards and health and safety.
The review of more than 750 small and medium-sized firms found that government guidance left firms with a 'great deal of uncertainty' that put them off using the free advice service.
The Anderson review found that almost half of businesses paid for external advice, at a cost of at least £1.4bn a year. Over a third of small companies do not use any advice service at all.
The report will be published later this week and will make a series of recommendations that it estimates will save small firms over £800m a year.
Recommendations include new ‘quick start guides', face-to-face advisory sessions and the creation of a single point of access for SMEs seeking government guidance.
Post Date: January 27th, 2009
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