Investment in skills and infrastructure top SMEs’ wish list

Posted at December 4, 2013 | By : | Categories : News,Rural Business | Comments Off on Investment in skills and infrastructure top SMEs’ wish list

As the Chancellor prepares to deliver his Autumn Statement tomorrow, the one measure that the UK’s SMEs want to see is a commitment to more spending on road and rail infrastructure, according to a poll by KPMG.

The survey of 228 small and medium-sized enterprises found that around a third (31%) felt that increased spending in hard infrastructure would be the single one measure they want to see.

When asked what would help with their growth agendas, 32% said a reduction in National Insurance contributions, whilst 21% said announcements around increased investment in skills and training would help their businesses.

David Bywater, tax partner for KPMG’s national markets practice, comments: “Businesses also have a major concern over the “skills gap” that is developing, particularly in engineering, and they want more of a say in how apprentices and students coming into the workforce are trained; any announcement around increased funding for apprenticeship programmes, and importantly, how that funding is structured would also be really valuable to our SME community.”

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