action needed on funding, AI training, and tax relief

Small companies across the UK urge the government to give priority to financing, subsidized artificial intelligence training, and a more friendly tax system for small and medium -sized cars as part of the economic growth strategy, according to a new report issued by Goldman Sachs.

The report, which depends on the inputs of hundreds of companies that participated in the 10,000 small companies' management training program, explains the main policy recommendations that business pioneers say will accelerate growth. These include:
• Expand the range of access to growth capital for small and medium -sized institutions (small and medium companies).
• Providing Amnesty International -backed intelligence training training for business leadership to help companies move in technological developments.
• Including employment skills in the curriculum to better prepare young people for the workforce.
• Increasing the share of public purchases granted to small and medium -sized companies to 40 percent.
• Repairing business prices to support young retailers and encourage investment in high streets.

The report also proposes a national investment summit to link small companies to financing providers and a business code for small and medium -sized companies to ensure hearing regional companies' concerns in Whitehall.

Frustration

While many entrepreneurs welcomed the government's participation in the Goldman Sachs initiative, they expressed their frustration with the high costs, especially the increase in national insurance contributions to the employer (NIC) in the autumn statement last year.

James Ofindel, CEO of Bright Network, said Nics Rise has already forced his company to cancel plans to employ medium -level employees at 60,000 pounds.

Dorian Payne, the administrative director of the social housing developer in Wales, Castil Group, estimated that this increase will cost his work at 30,000 pounds per year, while Katie Osirbele, co -founder of Excelsior Land, warned that she undermines her ability to take the trainees.

“We want to invest in the future of people, and it is really difficult to motivate to do this when you pay all these additional costs,” she said.

AI Training “Game Change” for small and medium -sized companies

One of the most popular recommendations in the report is a training program of government -backed artificial intelligence, which would expand the current assistance initiative to develop. Business leaders said artificial intelligence may be a transformation of small and medium -sized companies, but they have warned that many lack knowledge or resources to benefit from it.

Rana Harvey, the administrative director of online retail stores in York, said that artificial intelligence tools such as Chatgpt have made her business more efficient than generating the descriptions of multi -language products to quick market research.

However, I argued that government intervention was necessary to help small companies overcome noise and reach practical and high -quality training. She said: “There is a lot of fear and lack of knowledge to the extent that it hinders companies.”

“Less recent, more work”

Although admitting that the government was open to discussions with small companies, many entrepreneurs now expect concrete measures.

Harvey said: “There is a lot of great noise that is caused, but this fertile ground we need – I do not feel any of them has been fulfilled yet.” “Less chat, more work.”

Meanwhile, Payne said that the specialized small and medium -sized companies' work squad can help address the government's tendency to focus on major companies. “One problem in Birmingham will not be the same in Wales or Bristol,” he pointed out. “The government says it is easier to deal with major companies, but this is because there is no organized way to interact with small companies.”

“Do not cut our wings”

Cooper, whose business is expanding quickly, warned that the government should take care of policy changes.

“With NICS and employment laws, they only have to be careful that they do not continue to make it more difficult. She said that our support for prosperity.”

Harvey added that improving trade relations with Europe should be a priority. “Our largest customer in Europe, but there is a lot of friction. Take this friction. The government continues to say it wants a better relationship, but what does that mean?”

With the presence of small companies that represent three fifths of employment in the United Kingdom and contribute significantly to GDP, their fears can constitute a future government policy. But as the report shows, companies want to make – not just a speech.

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