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08 April 2016

FSB hopes entrepreneur hub plan could help boost small business

FSB press release

Issue date: Friday 08 April 2016

FSB hopes entrepreneur hub plan could help boost small business 

Commenting on Shadow Chancellor John McDonnell's announcement that Labour would find new collaborative workspaces for 20,000 new entrepreneurs, Martin McTague, FSB Policy Director, said:

"FSB members will be glad to see political parties coming out with pledges to improve business support. Rent is seen by 23 per cent of small firms as the main driver of increases in business costs, and so they will appreciate this idea to provide more shared working spaces for small firms to operate in.

Recent planning changes have made it easier to convert office space into residential property. This has restricted the availability of business premises, driven up rent and priced many small businesses out of central areas in many towns and cities, particularly London."

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