Business
UK SMALL BUSINESSES SET SUSTANABILITY AGENDA FOR A POST ELECTION UK GOVERNMENT
On the run as much as the Basic Election on July 4th, small companies throughout the UK are calling on the incoming authorities to prioritise sustainable and inexperienced initiatives. Analysis by Novuna Enterprise Finance highlights the important thing calls for made by small companies.
Assist small companies need from a brand new authorities:
- Inexperienced Tax system: 38% demand a inexperienced tax system that rewards small companies for implementing inexperienced initiatives and penalises others for ignoring them.
- Decreased Enterprise Charges: 37% name for a discount in enterprise charges for small companies that swap to inexperienced or renewable power provide.
- Elevated Grants: 37% spotlight the need for bigger grants that absolutely cowl the set-up prices of switching to greener power.
Nationally, 94% of small enterprise house owners may level to particular areas the place they wanted assist and finance considerations dominated – whether or not incentives, rewards for investing in inexperienced initiatives or preferable charges for funding.
Extra typically, small companies had been additionally requested what inexperienced insurance policies they hoped for from a brand new authorities and that might encourage them to take inexperienced points extra significantly. Amongst the highest responses had been, decreasing single-use, plastic waste, rising recycling and decreasing littering (75%) and investing extra in renewable energy so the overwhelming majority of the UK’s electrical energy is generated from renewables by 2030 (73%) – and help additionally for a considerable funding into the inexperienced financial system (72%).
The highest 5 insurance policies small companies wish to see from a brand new Authorities.
With a Basic Election referred to as for 4th July, the report by Novuna Enterprise Finance – The Small Enterprise Perspective on Sustainability – The Mandate for Help from a brand new UK Authorities” – amplifies the continued and urgent demand for readability amongst small enterprise house owners relating to the following Authorities’s stance on sustainability and mission in direction of Web Zero.
Jo Morris, Head of Perception at Novuna Enterprise Finance commented: “For the final three years, our analysis has proven the small enterprise house owners need to do extra on sustainability and Web Zero, however they’re searching for management, readability, and consistency from the Authorities. If daring strikes are made on varied inexperienced insurance policies, small companies say it’s going to encourage them to additionally do extra themselves on a variety of inexperienced and sustainable initiatives. And extra particularly, small enterprise house owners need monetary help themselves from a brand new authorities – whether or not this takes the type of incentives or rewards for turning into extra socially and environmentally aware companies. This isn’t a flight of fancy; sustainable companies are additionally robust companies and excellent news for the UK financial system.”
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