New approaches needed by government in support for SMEs

July 2002
Management Services;Jul2002, Vol. 46 Issue 7, p4
Academic Journal
The government of Great Britain needs to change its approach in support of helping small- and medium-sized enterprises. This is the finding of a study from the Economic & Social Research Council Future of Work Programme. The study reveals a gap between policy and achievement. It finds a 'missing middle' between current advisory services and individual firms. At present, government policy supports the Small Business Advisory Service, which offers advice on a range of issues. However, there are obstacles to overcome, including small firms tend to distrust outside advice, business associations are frequently poorly funded, and the country does not have a culture of 'embedded networks' of firms and local institutions.


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