Business Support Faces Axe

Concern is mounting that the government’s £1 billion ‘regional growth fund’ is a smokescreen for crippling cuts in much needed support and funding for entrepreneurs in the UK.

The fund, announced by chancellor George Osborne in the emergency Budget and recently launched by deputy prime minister Nick Clegg, amounts to much less than the funds previously made available through regional development agencies (RDAs), which had around £1.7 billion to spend this year and which the government plans to phase out by 2012.

Read full article: http://www.growthbusiness.co.uk/channels/growth-strategies/leadership-and-management/1268713/business-support-faces-axe.thtml

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