Liz Truss MP discusses the Spending Review and supporting small businesses
Posted: Mon 1st Apr 2019
At a recent event exclusive to Enterprise Nation members, chief secretary to the Treasury Liz Truss discussed her vision for the economy.
She also focused on upcoming Spending Review, when the government looks at spending and where money should be focused.
"We spend over £20bn on business support and that's a combination of tax reliefs...and other funding through things like LEPs but also through special grants for particular sectors.
"What we are looking at as part of the Spending Review is reviewing all of those, which ones make sense and which ones don't make sense.
"I want to look at it through the lens of how do we help new companies start up? What I don't want to see is government money used to protect old industries and to stop the new industries thriving.
"There's always a danger of that because ultimately it's often the bigger players that have the loudest voices and have more access to government."
How you can influence the Spending Review
We are giving you that access to government! Enterprise Nation founder Emma Jones will be leading a discussion on business support that we'll feed back to the government in Bristol on 23 April.