Small and medium sized enterprises

Small and medium sized enterprises

Businesses warn of 'stifling' development with new tax

A NEW "developer tax" to be introduced to raise funds for street improvements will stifle development in Edinburgh, businesses warned today.

Alex Salmond lobbies Vince Cable to free up finance

FIRST minister Alex Salmond has written to the UK Business Secretary Vince Cable urging him to take "urgent measures" to expand access to affordable finance for Scotland's small and medium businesses.

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Huge delays expected for rates appeals

THOUSANDS of Scottish firms hit by hikes in business rates are facing years of delay as assessors struggle to cope with the vast backlog of appeals.

With Scotland on the verge of its own massive cuts, Scottish Enterprise chief Lena Wilson knows her development agency faces a bonfire too

THE Conservative Party has long had it in for England's nine regional development agencies (RDAs), established in 1999 to drive economic development in the regions. In the north in particular, the RDAs - the Northwest Regional Development Agency (NWDA), Yorkshire Forward, One North East - acted as lifelines for communities still blighted by industrial decline, and were partners in land deals that fuelled local property booms.

Smaller firms hit hardest as banks turn down loans

SMALLER firms in Scotland have been hit hardest by banks turning down applications for finance, a report revealed today.

Late payments are biggest concern

CLIENTS making late payments has topped a list of worries besetting Scotland's small and medium-sized companies (SMEs), a new survey reveals today. New research by Lloyds TSB Commercial finds that 48 per cent of Scottish respondents to a survey of SMEs said late payment was their biggest concern. This was followed by worries about slackening consumer demand as the recession hits buying capability.

Scots firm seeks funding to build fire-spotting satellite

A SCOTTISH company is raising funds to develop a satellite that could help track and prevent the spread of forest fires such as those that recently devastated parts of south-eastern Australia.

Insolvencies 'to reach levels of 1992 peak'

BUSINESS and personal insolvencies are set to soar next year as the credit market tightens, a trade body warned yesterday.

Scottish small businesses fail to cash in on export chance

SMALL businesses in Scotland are missing out on the benefits of a weak pound, a study yesterday warned.

Scotland can cash in on EU crackdown

SMALL and medium-sized businesses in Scotland should take advantage of new moves by the European Commission to protect industrial property rights, a leading patent attorney has urged.

Small firms being choked by mountain of red tape

SMALL businesses must not switch off to employment legislation even in the face of ever more complex regulations, a senior legal figure has warned.

Tax deadline saw rush to sell family businesses for cash

MANAGEMENT buyouts at family-owned Scottish businesses have soared on a double-barrelled boost from recent changes in capital gains tax and the credit crunch, leading financial organisations have revealed.

Chancellor is no Darling of UK's small businesses

JUST 2 per cent of Scotland's small businesses believe this week's Budget will bring good news for Britain's entrepreneurs, a new report has revealed.

Family-run businesses 'create 30% of UK GDP'

FAMILY businesses generate 30 per cent of GDP in the UK, the first major study into the area has claimed.

Businesses demand 'Scotland first' policy from public sector

SCOTLAND's public sector must adopt a "Scotland first" approach in improving procurement opportunities for small business, the Scottish Chambers of Commerce (SCC) said yesterday.

Winners sought for FSB awards

The Federation of Small Businesses is on the lookout for entrepreneurs to enter its annual award scheme.

Small Scottish businesses win £4.2m for R&D

SOME £4.2 million has been dispensed to Scottish small and medium-sized enterprises (SMEs) in the first six months of the new "Smart Scotland" research and development grant scheme, the Scottish Government announced yesterday.

Small Business Bonus will boost start-up and survival rates

ASK pretty much any economic commentator and they will tell you that one of the biggest factors holding back the Scottish economy is our historically low business birth rate, combined with the high number of businesses struggling to survive the first three difficult years of trading.

FSB decries 'faster planning decisions down south'

THE Federation of Small Businesses has raised fresh concerns about the speed of the Scottish planning system, citing figures that paint an uneven picture across the UK.

Business rates response mixed

SCOTTISH business last night gave a tempered response to the SNP's long-promised "small business bonus" package, which will reduce or remove an annual £150 million in business rates from 150,000 small firms.

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