Economy boosted by Business Link services, claims Government report

10 07 2007 United Kingdom

Small firms using the Government's Business Link service grow their businesses, increase their employee numbers and add £750 million to the economy each year, a new report shows.

The study of more than 3,000 small businesses showed that those who used Business Link had more growth in jobs than those that did not use the service.

Business Link advisors have helped businesses to develop business plans, run staff training programmes and develop marketing strategies.

The study found that for every £1 spent in government funding, Business Link achieved £2.26 of additional value to the economy as a result of better business performance.

Unveiling the report, the new minister for small business, Stephen Timms, said:
"Small and medium enterprises account for a large portion of the UK economy. This report shows the Business Link service is being used by many of them for help and support, boosting the economy as a whole."

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