News story

PM launches business growth package for SMEs

"British SMEs are already doing incredible things, but we urgently need more of them to follow that boldness."

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Today, the Prime Minister announced a business growth package to help Britain’s small and medium sized enterprises (SMEs) create jobs, export to new markets, secure finance and cut red tape.

Measures include a £95 million investment from the Regional Growth Fund to benefit hundreds of small businesses. This funding will support those SMEs considering investing in new capital assets and is expected to create at least 4,000 jobs and unlock around £500 million of new investment.

Speaking at the ‘Exporting for Growth’ conference in central London today, Prime Minister David Cameron said:

British SMEs are already doing incredible things, but we urgently need more of them to follow that boldness. We need this to be a country where more people think ‘I can start my own business and I can sell to the world.

Our determination is to come through these difficult times stronger, to trade our way to growth and jobs. We need to show real optimism about the future, and we need to show real aggression about pursuing Britain’s interests in the world. The markets are there to be tapped; the deals are there to be done, the opportunities are there to be capitalised on. Now together we must seize them.

For more information visit our live coverage of the Exporting for Growth conference.

Meanwhile, the Prime Minister today visited two enterprise hubs in Tech City in East London - the White Bear Yard and the Trampery.

Tech City is the fastest growing technology cluster in Europe with more than 600 businesses- up from 200 this time last year.

To mark this impressive growth rate, David Cameron launched an online Tech City Map which shows that the number of businesses in the area, aswell as data showing their influence on social networks.

The Tech City Investment Organisation was created in March 2011 and is designed to help the existing cluster of tech and creative companies flourish.

For more information on what’s been happening vist Tech City

Download the Tech City app at Mobile Roadie

Published 10 November 2011