| Red tape costs SMEs seven hours a week |
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| Written by Simon | |
| Saturday, 06 October 2007 | |
The Federation of Small Businesses (FSB) today publishes a report and DVD examining the impact that regulation has on entrepreneurs. It highlights the fact that the average small business spends seven hours per week dealing with regulations and paperwork. The launch in Brussels will be attended by Commission Vice-President Gunther Verheugen and the UK launch will be at the FSB fringe event ‘Small Business Matters’ at the Conservative Party Conference in Blackpool.
The DVD is a compilation of interviews with small business owners from across the UK explaining what they would do with the seven hours each week that they currently spend filling in forms. The report outlines the benefits to the economy and society that would follow from businesses getting their seven hours back.
The FSB is concerned that the red tape burden is preventing small firms from growing and employing more people, as well as working against other Government priorities, such as increased community involvement by businesses and employee training. Tackling the red tape burden would benefit both businesses and the communities in which they operate.
The FSB wants to encourage the UK Government and the European Commission to deliver on their promises on deregulation. The Commission has committed to cutting red tape and is encouraging member states
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