Catch up on the headlines that we’ve been following for all things SME in the last few days. This week’s news round-up sees a brand new statement from Lord Young that promises an easier-than-ever process for small businesses looking to get government contracts, plus a specially created SME quiz…
Feature of the Week
Lord Young: ‘Small business is stronger than ever’ | The Telegraph
“Small business is stronger than ever,” says Lord Young of Graffham, enterprise advisor to the Prime Minister, who has spoken out in this piece for The Telegraph to say that red tape should be cut for small and medium enterprises to make it easier for them to win government contracts.
He writes that, while large firms are important, “it really has become a small firms’ world.” As such, he has plans to make the procurement process of getting government contracts more transparent, amongst other steps. Read above to find out his plans, as well as his thoughts on encouraging entrepreneurial spirit in schools.
Check out our other top pieces of the week…
SME Masterclass: How to win a government contract | The Telegraph
Of course, to follow on from this news of Lord Young, it makes sense to do some research on how exactly you can go about winning a government contract for your SME. This guide is thorough and comprehensive, with nine key steps to follow if you want to take advantage of the recent developments.
Small companies unaffected by election uncertainty | SmallBusiness.co.uk
The upcoming General Election is big news, and now just a few short months away. According to this news, small businesses are far less worried about the results than media sources would have us believe – a report from BDO says that both business optimism and output remains high. See more results from the survey, including hiring levels and the impact of low oil prices and low inflation, in the article above.
FSB appeals to government once more about the impact of late payment on small companies | SmallBusiness.co.uk
The outcome of a recent meeting to discuss “bullying” tactics of large businesses regarding payments going to small businesses has now been revealed.
Small businesses (represented by the FSB) met with FTSE 350 companies, the government and the Confederation of Small Businesses recently and viewpoints were shared to find a resolve. Find out the outcome in this report from SmallBusiness.co.uk.
Can you match the movie to the small business? | The Guardian
And ending on a light note – would you believe how many SMEs are represented in the shiny world of Hollywood? Get your game head on with this fun quiz from The Guardian that picks up on all the silver screen companies you never thought of as SMEs.
From Harry Potter to Notting Hill, it’s time to test your knowledge (your score to beat is our measly results of 6 out of 12).