Liverpool Marketing Solutions Reviews How New 2013 Budget Will Effect Small Businesses

LIVERPOOL, ENGLAND, March 27, 2013 (Press-News.org) Growth expectations have fallen from 1.2% to 0.6% since the Autumn Statement and Osborne now plans to boost enterprise and encourage more growth within the UK economy. Chris Haynes, Managing Director of Liverpool Marketing Solutions says of the plans: "The new report seems to recognise hard workers and it is exciting that it promises to support those who wish to start up new businesses as well as those who wish to grow their companies."

It was announced that a reward will be given to those who invest in start ups by an extension of Capital Gains Tax relief; the Seed Enterprise Investment Scheme (SEIS) will allow investors to receive relief on Capital Gains arising from 2013 to 2014 as long as they are reinvested that year. In order to be eligible for the Seed Enterprise Investment Scheme, companies must have less than GBP200,000 in assets and fewer than 25 employees.

It was also announced that the Start Up Loans Scheme has been extended. Initially introduced to support young entrepreneurs, the Scheme received a GBP30 million increase from the government in January 2013, taking the total fund to GBP112 million. The upper age limit has also been lifted from 24 to 30 years of age. Further to this, the fund has subsequently been raised again to GBP117.5 million due to demand. From April 2013, the government has also pledged to provide GBP140 million over two years to support more small and medium sized businesses.

Chris Haynes of Liverpool Marketing Solutions says: "These new schemes will really benefit small business all over the country, especially as the government have pledged to devolve some of their power, giving more power and financial choices to the regional bodies where these businesses reside. This will in turn hopefully support more growth in the UK economy after what has been a tough recession for many small businesses. It is so important that new business owners in particular are recognised for their hard work and in turn rewarded appropriately. 95% of all new businesses fail within their first year and the new Budget reflects an effort to try and reduce this figure."

About Liverpool Marketing Solutions

Liverpool Marketing Solutions was founded in February 2011 to meet a growing client demand for outsourced sales and marketing services.

Increasingly our clients have found that whilst traditional forms of marketing (TV, Radio, Print, Telesales, Leaflets, Mailers and Internet) provide great brand awareness the results (i.e. the amount of new customers they bring in) falls short of the amount of money invested.

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