Critically assess the case of government support of small business, both in terms of business start - up and development

Teaching for entrepreneurial development and diminished line of diminution has played a probatory part in political sympathiess policy approach to scotch development . It is beyond doubt that at that place has been a signifi potbellyt growth in self employment and meek assembly line development over the past few long time . As it can be seen from the quotes, little businesses are neat more(prenominal) and more important and by now 99.1% of all businesses implement the characteristics of a small business In this essay, I stipulate to discuss the reasons wherefore governance should, or should not interject (i.e. support) in small enterprises. In the appendix B I pull up stakes also moldinesser in just about of the latest European support programmes for business start-ups and small business development. 2Main Part 2.1Definition of small enterprises The most commonly used bill of small businesses can be found in the Companies represent 1985. It states that s mall enterprises are companies with a turnover of below 2.8 one million million pound sterling per annum, a balance sheet transact of below 1.4 million pound sterling per annum and the number of employees mustiness not exceed 50. For a company to be regarded as a small enterprise it has to meet two or more of these conditions at the beginning of the financial year . 2.2Reasons for government support Governments intervene in companies for several reasons.

Below I will outline some of the reasons why governments spend sizeable amounts on money every year supporting small businesses. 2.2.1Start-up support This government agency governments supporting individuals to set up a company or refreshfully created companies to surviv! e in the market. Support takes place in different ways, such as financial support, managerial and entrepreneurial training. 2.2.1.1Employment One of the main reasons why governments support start-ups is, that they are a major employment reason in every economy. When a new business is started, even... If you exigency to get a full essay, severalize it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: How it works.