Fg urged to support smes

It seems like you're referring to the UK government (FG) being urged to support Small and Medium-sized Enterprises (SMEs). Here's a summary of the situation:

Background: SMEs are the backbone of the UK economy, accounting for around 99% of all businesses and employing around 16 million people. However, they often face unique challenges, such as limited resources, access to finance, and regulatory hurdles.

Urging support: Various organizations, including the Federation of Small Businesses (FSB), the Confederation of British Industry (CBI), and the Institute of Directors (IoD), are urging the government to provide more support to SMEs. They argue that this would help to boost economic growth, create jobs, and increase competitiveness.

Specific demands: Some of the specific demands being made include:

  1. Simplifying regulations: SMEs often struggle with complex and bureaucratic regulations, which can be time-consuming and costly to comply with. The government is being urged to simplify and streamline regulations to make it easier for SMEs to operate.
  2. Access to finance: SMEs often struggle to access finance, particularly in the early stages of their business. The government is being urged to provide more support for alternative finance options, such as crowdfunding and peer-to-peer lending.
  3. Investment in infrastructure: SMEs rely heavily on good infrastructure, such as roads, public transport, and digital connectivity. The government is being urged to invest in infrastructure to support the growth of SMEs.
  4. Skills training: SMEs often struggle to find the skills they need to grow and compete. The government is being urged to provide more support for skills training and apprenticeships.

Government response: The UK government has already taken steps to support SMEs, such as introducing the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) to encourage investment in start-ups and early-stage businesses. However, more needs to be done to address the specific challenges faced by SMEs.

Overall, the government is being urged to provide more support to SMEs to help them grow, create jobs, and contribute to the UK's economic growth.