Comments from the Corporate Desk at Smart Currency Business:
For more information on Smart Currency Business call: 0845 638 0571 (or +44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyBusiness.com
“The Government's
announcement last week of a second round of Innovation Vouchers is a welcome
boost for UK SMEs in securing their longer term future – however it does little
to help them through the austerity-plagued quagmire of the current economic
setting. Universities and Science Minister David Willetts said expansion of the
vouchers programme with the injection of a further £1.1million would encourage
small businesses to develop new ideas. While it does show the Government is
looking at ways to boost innovation, the application process and quarterly
distribution of funds – rather than as and when an application for funding is
approved – demonstrate a continuation of the red tape SMEs must face in the
gamble to secure limited government support for their growth.
In the immediate term, SMEs
would do better in 2013 by analysing their current operations to identify ways
to cut costs and streamline existing processes in ways that do not adversely
affect output. Whether it be finding more competitive partners and suppliers,
negotiating better payment terms, insuring against unforeseen troubles or
accessing specialist advice to tackle complex operating issues, auditing your firm's
finances could be just the ticket to strengthening the business' position for a
happy and prosperous new year.”
For more information on Smart Currency Business call: 0845 638 0571 (or +44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyBusiness.com
