Labour’s plan for small businesses - Engaging with Business

Labour’s plan for small businesses

Engaging with Business

We have engaged extensively with business on our policies

  • We’d had the biggest ever engagement by an Opposition with 30+ policy reviews headed by or involving business leaders and business organisations. These include:
    • Jaguar Land Rover’s Executive Director Mike Wright led a review into strengthening manufacturing supply chains
    • Sir George Cox former Director General of the IoD and chairman and CEO of various companies and current Board Member of NYSE-Euronext led a review  into overcoming short-termism
    • Bill Thomas former Senior Vice President and General Manager of the EMEA region for Hewlett Packard Enterprise Services led our Small Business Taskforce with a panel of business people and entrepreneurs; and he also led a review into defence procurement
    • Graham Cole, Chair of AgustaWestland, is leading a review into exports
    • Sir John Armitt, former chair of the Olympic Delivery Authority and former CEO Network Rail led a review into infrastructure
  • This has helped shape a policy programme that is all about supporting businesses to grow, tackling the long-term challenges holding the economy and businesses back.
  • Our policy agenda reflects key business asks like the Infrastructure Commission, skills reform including boosting technical degrees and increasing apprenticeships, and creating a British Investment Bank. The FSB backs our plans for a Small Business Administration for example

Small Business Saturday

  • Chuka Umunna, the Shadow Business Secretary, helped bring Small Business Saturday to the UK and what has become the biggest celebration of small business in the country. It has driven £1bn more into the pockets of small business over two years.
  • As part of the campaign hundreds of events took place with half of all councils and huge numbers of business organisations involved. The FSB has been hugely supportive and involved and thought the initiative is an excellent way to highlight and encourage smaller firms. The date of Small Business Saturday has been announced at FSB conference.
  • This year sixty four per cent of the public new about the Small Business Saturday and went on to spend money in small businesses.
  • Many Labour PPCs and MPs got involved to back their local businesses
  • It is cross party. We did not want to play politics. We are backing businesses getting on.

Entrepreneurs

  • We also established NG, an Entrepreneurs Network bringing in hundreds of entrepreneurs, showcasing their businesses from the founder of the fastest growing baby food company Ella’s Kitchen to the founder of crowd funder, Funding Circle.  These have been business focused events and at a recent one an entrepreneur who attended then sought out and secured crowd funding because of the event. 

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