KPMG announce £40m investment to help SMEs grow » SMEInsider

KPMG announce £40m investment to help SMEs grow

KPMG has announced the launch of KPMG Enterprise, a new £40 million strategic expansion investment to help SMEs in the UK grow.

Research undertaken by YouGov found that 71 per cent of SMEs in the South West think the government could do more to support small businesses, so KPMG decided to launch KPMG Enterprise. Research also found out that 68 per cent of SMEs in the South West have not utilised resources such as Funding for Lending scheme, Business Growth Fund and Seed Enterprise Investment Scheme but instead 38 per cent small business in the region would prefer to see reduced red tape and 34 per cent would prefer to see cuts to business rates.

Phil Cotton, South Region Chairman of KPMG, said: “We want to be the clear choice for all privately-owned businesses – from formation through every stage of their development and growth. KPMG Enterprise makes our knowledge and expertise accessible to smaller businesses. The SME sector is the growth engine of the UK economy and we want to support early stage and smaller businesses that previously may have believed our services were out of their reach.”

 Ian Brokenshire, Head of Enterprise for KPMG in the South, said: “With 47 per cent of SMEs in the South West telling us that they spend at least one day a week on basic administrative tasks, the message to Government as we head into an election year is loud and clear: business owners need support to free up their time, and allow them to get on with running and growing their businesses.”

“Innovations in technology are enabling more and more people to realise their dreams of starting their own business but the daily reality of regulation, red tape and form filling can turn that dream into a bit of a nightmare.”