Clearview South July 2013 - Issue 140 - Page 64

BUSINESSNEWS Ministers pledge further backing for small businesses At an event at 10 Downing Street held in June to celebrate the massive contribution that small businesses make to the economy, the Prime Minister announced that all the recommendations made in a recent report by his Enterprise Advisor Lord Young will be accepted – including lifting the cap on Start Up Loans so that over 30s who aspire to set up their own business will be able to access funds and get on in life. This is part of the government’s GREAT campaign and celebrated the important contribution that small businesses make to the UK economy - with small firms accounting for 99.9 per cent of all businesses in the UK. The recommendations from Lord Young’s report will also inform the work Business Innovation & Skills (BIS) is leading with the small business community to refresh the 2011 small and medium sized business strategy ‘Bigger, Better Business’. The publication, expected in the autumn, will look at making it easier for small and medium sized businesses to access the right support, and to improve the way government communicates with firms. Business Secretary Vince Cable said: “Half of all jobs in this country come from small and medium sized business. So if we’re to get our economy going again, we must do all we can to support them.” ‘Business strategy ‘Bigger, Better Business’ It will also be made easier for these people - and other small businesses owners - to access the right advice and support to succeed in the global race. Economic Predictions Promise Brighter Future for Manufacturing The National Institute for Economic and Social Research and the Office of National Statistics released figures indicating that the UK economy seems to be on the road to recovery. The overall economy grew by 0.8% in the three months ending at the end of April, with industrial production rising by 0.7% in March alone, largely as a result of a 1.1% rise in manufacturing. The figures demonstrate that Britain is pulling itself, slowly but surely, out of the recession, which is great news for those who own or operate factories, warehouses or other industrial sites, where signs of growth are most pronounced. In the wake of the figures, many organisations will be looking to capitalise on the increase and move forward in a positive way. In order to properly do this, improvement to equipment might be a necessity, particularly in workplaces where pallet trucks and manual handling apparatus is used. Investing in a new fleet of high-quality hand pallet trucks can have a variety of benefits. If the trucks are intended to replace a fleet of older trucks, switching to newer models can be a welcome change and can increase the speed and efficiency of a great number of tasks. New trucks can also simply used to expand an existing selection of manual handling equipment; they can increase capacity and increase the amount of goods and products that can be moved at any one time. To find out more about pallet trucks and buy online, visit or Tel: 01384 841440. Small firms lose up to £800 million to cyber crime New research from the Federation of Small Businesses (FSB) shows that cyber crime costs its members around £785 million per year as they fall victim to fraud and online crime. In response to this, the FSB has developed 10 top tips for small firms to make sure they stay safe online. The 10 top tips for business are: ‘cyber crime costs its members around £785 million’ • Implement a combination of security protection solutions (anti-virus, anti-spam, firewall(s)) • Carry out regular security updates on all software and devices • Implement a resilient password policy (min eight characters, change regularly) • Secure your wireless network • Implement clear and concise procedures for email, internet and mobile devices • Tran staff in good security practices and consider employee background checks • Implement and test backup plans, information disposal and disaster recovery procedures • Carry out regular security risk assessments to identify important information and systems • Carry out regular security testing on the business website • Check provider credentials and contracts when using cloud services 64 JUL 2013 To read more, visit