Originally written by Timothy Adler on Small Business
EXCLUSIVE: Following on from last week’s announcement that the government has awarded £2m to fund projects aiming to boost small business productivity and tackle late payments, Smallbusiness.co.uk grabbed 10 minutes with Small Business Minister Kelly Tolhurst.
Kelly Tolhurst has been Small Business Minister since July 2018, having been the MP for Rochester and Strood since 2015. Before that, Kelly Tolhurst ran her own marine survey business with her boat-builder father.
>See also: Business rates reform key, says Labour business chairman Rachel Reeves
If you had a magic wand, what’s the one thing you would do to boost small business productivity?
Really, there’s no magic wand, there’s a whole range of things we need to tackle and work with the SME market to boost productivity. There are a whole number of reasons and a whole number of measures that decide whether a business is productive or not, so one of the things I’ve been focusing on is around late payments. We know that technology helps productivity. And we know that late payment we know are a big challenge to the small business sector. That’s why we’ve put out the £1m Business Basics Funding round to encourage business to come

Read more...