SME NewsSmall businesses say government needs to do more
Cmypitch.com survey highlights small business dissatisfaction with government action.
Over three quarters of British businesses say the government needs to do more to support them during the economic crisis, according to a survey from cmypitch.com, the social network for SMEs founded by Irish entrepreneur, Emmett Kilduf.
Just over half of the small businesses surveyed (52%) considered the credit crunch would have a negative impact on their business.
Hardly surprising then, that the single most important factor for 37% of small businesses was that the government should do more to ensure banks keep up lending levels to viable SMEs.
The second most popular plea to government from 24% of those surveyed was for tax cuts to encourage growth.
Growth seems to be at the heart of concerns with nearly half (49%) seeking funding for growth, but 80% of them finding it extremely difficult in the current environment.
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