Finance 'a key concern for small businesses'

05/03/2010

Finance is a key concern for small businesses, according to a new report.

The YouGov survey commissioned by Intuit found that small businesses face a number of challenges offering real threats to the success of its members.

Some 45 per cent of respondents felt that banks need to offer better rates for small businesses, while 35 per cent of small business owners want interest cuts from the Bank of England to be passed on in full.

Pernille Bruun-Jensen, managing director of Global Small Business at Intuit, said the run up to the UK general election was a critical time for the future of UK small businesses."

"Now more than ever, small business owners need the support of their government, their banks and their peers if they are to successfully take advantage of the economic recovery," she said.

Small businesses may be able to re-claim thousands of pounds by contesting their business rates before the deadline of March 31st, according to the Forum of Private Business.

Switching suppliers can also reduce business energy bills by as much as 50 per cent, according to the experts at Make It Cheaper. Find out how you could get impartial, comprehensive and free information about overheads such as business electricity.

Posted by Dan Morris