FSB wants the Chancellor of the Exchequer to establish a new £1billion small business survival fund, and to scrap proposed rises in corporation tax in his pre-Budget report on 24 November. In the short term, the fund would replace the small firms loan guarantee scheme. The FSB is also calling on the Government to make new funds available from the European Investment Bank (EIB), through its Regional Development Units (RDAs).
FSB national chairman John Wright said: “The Government must do everything it can to ensure small firms do not need to turn to alternative and expensive sources of finance. A small business survival fund will provide the urgently needed solution.”
