Small businesses say government needs to do more

Cmypitch.com survey highlights small business dissatisfaction with government action.

By News Desk
13th November 2008 at 11:55

cmypitch.com survey of small business attitudes to governmentOver 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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