Thursday, September 19, 2024

SMEs must have a powerful voice, says new FSB Chairman

Entrepreneur and small business champion Martin McTague has called for a more powerful voice for the UK’s 5.5m small firms, which he says are the beating heart of the economy and communities across the country.

The newly-appointed National Chair of the Federation of Small Businesses , says: “There has never been a more important time to make sure their interests are represented at the highest levels, as the costs and challenges of running a small business intensify.

“Small firms are absolutely crucial to the economic recovery, bringing innovation and dynamism, creating jobs, growth and opportunities. They account for 60% of private sector employment in the UK and make up 99% of all businesses. But they face significant barriers which I’m determined to pull down – from growth-inhibiting tax hikes to poor treatment by big business clients.

“Big businesses must become better corporate citizens with their supply chains, including when it comes to stamping out poor payment practices, reducing bureaucracy, and gifting through the Apprenticeship Levy. I want to use the opportunity as National Chair to offer advice and assistance to larger firms wanting to do the right thing and back small business.

“FSB has a proud and successful track record of being a powerful voice heard in governments, opposition parties and boardrooms across the UK. As part of a new leadership team alongside Tina McKenzie; as well as Chair, Internal Affairs Melanie Ulyatt; and the rest of the Board; I’m committed to making sure small businesses are fully supported, represented, and their interests are wired into the DNA of decision-makers at all levels.”

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