Media comment on UK Small Business Plan

Following the publication of the UK’s Small Business Plan, Andrew Harding, FCMA, CGMA, Chief Executive – Management Accounting at The Chartered Institute of Management Accountants, said:

“A stable and predictable policy environment provides the foundation entrepreneurs need to build and grow their businesses with confidence. It also plays a critical role in shaping investment decisions. The small business plan published today is a welcome addition to the wider UK Industrial Strategy, and incorporates numerous measures that CIMA has consistently advocated for on behalf of our members and the SMEs they work for and assist.

“To unlock the full growth potential of the SME sector, it is vital that we establish clear and measurable indicators of success. The next phase must involve translating this strategy into actionable, multi-year business plans that are realistic, properly resourced, and aligned with the UK’s Industrial Strategy. These plans should be underpinned by metrics that capture the distinct characteristics and contributions of SMEs to the wider economy.”