Around 150,000 small businesses will not be obliged to pay corporate tax, in a bid to strengthen the...
Around 150,000 small businesses will not be obliged to pay corporate tax, in a bid to strengthen the manufacturing entrepreneurs, and further deregulation for medium- to small-sized firms is on the agenda, says Gordon Brown in the pre Budget report.
In addition, an advisory service will be extended to support small businesses around the country.
Brown says £130 million will be allocated to companies for an employer training pilot scheme, so that employees can get proper training. Brown also intends to support small companies recruit people from abroad.
Additionally, the government is launching Regional Venture Capital Funds in every English region, with investment of £270 million, for small businesses with high growth potential of less than £1m.
Seven of the nine funds are now running and three have already made their first investments. The remaining two are due to be launched by the end of the financial year.
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Retirement Planner Forum 2019