2 days ago
- Business
- South Wales Argus
Spending review: Welsh small businesses 'feel no benefits'
Tina McKenzie, policy chair of the Federation of Small Businesses (FSB), said: "Small businesses will be wondering when they will feel the benefits of today's Spending Review.
"It was not the business-focused day they had hoped for."
She highlighted the lack of support for small businesses in various spending allocations, including statutory sick pay, housing, defence and energy efficiency funding.
However, she acknowledged the 'significant increase in resources' for the British Business Bank as a 'major bright spot'.
She urged government departments to be strategic with their spending over the next three years.
FSB Wales Chair, John Hurst, said: "Small businesses in Wales continue to face relentless pressure from rising employment costs, ongoing changes to employment legislation, and sustained high energy bills."
He called on the Welsh Government to use the local growth funding from the Spending Review to bolster the business support system and foster a dynamic entrepreneurial ecosystem.
