SME groups announce Brexit partnership » SMEInsider

SME groups announce Brexit partnership

Nine of the main SME trade bodies will join together to amplify their voices as the slow process of exiting the EU begins. The FSB, along with 8 other organisations, issued the news at the end of last week, saying they would coordinate their efforts in the interests of offering positive reassurance to small businesses.

The organisations are: the Federation of Small Businesses (FSB), Enterprise Nation, National Enterprise Network, Open to Export, IPSE, The Entrepreneurs Network (TEN), the Institute of Chartered Accountants, England and Wales (ICAEW), British Library Business and IP Centre, and Coadec. According to Emma Jones of Enterprise Nation, the move is critical in order to maintain a clear, positive messages from the UK’s small businesses.

The news comes a few days after leaders from several of the organisations attended an emergency summit with business secretary Saijd Javid, where they were reassured that a plan would be in place to minimise the impact on business.


Optimism crucial

“It’s more important now than ever before for entrepreneurs to maintain optimism and look forwards, not backwards,” she said.  “The worst thing we can do is talk ourselves into a recession when formal negotiations leading to exit will take at least two years.

“Inevitably there will be new opportunities – and there are things businesses can do to protect themselves from changes that might affect them in short term and in the future.  We have come together to make sure small businesses can easily get hold of the information and advice they need during the current period of uncertainty.”

Simon McVicker, director of policy and external affairs at IPSE, meanwhile, focused on the importance of making sure SME voice is heard in the negotiations: “Now we are leaving the EU, IPSE believes the priorities should be new global trading arrangements, cutting burdensome regulation on small and micro businesses and ensuring that Britain has the most flexible and attractive economy in the world.”

Clive Lewis, head of enterprise at the ICAEW, said: “Whilst there have been no negotiations following the UK vote to leave the EU, the financial markets (currencies and stock exchanges) are already adjusting to the new situation. It is likely that foreign currency movements could affect small business trading position through either sales revenue or costs, so it is more important than ever to monitor financial performance.”

  • David Randall

    When I read the headline ‘SME groups announce Brexit partnership’ I thought this was an exciting call to arms to oppose Brexit. Very disappointed to read that the content seems to be accepting that Brexit will happen.

    The battle is not over people!

    There is mounting opposition to leaving the European Union and as the pound falls and investment money and talent pours out of Britain, authority is going to have to pay attention to public opinion which is tipping over to the remain side.

    Britain cannot afford to and does not want to actually leave the EU, and SMEs will be the first to cheer when we find a solution that will give disaffected middle England more hope whilst maintaining our voice and influence and funding streams inside the EU.

    • Christina

      actually I disagree, I voted OUT and I would still vote out As a business owner of more than 25 years and buying dollars and euros constantly during this time as we have to import 90% of our goods because we no longer have the manufacturers here, I think I have a good insight into the money markets. I voted for a free trade union within Europe which was great. But then greed and power took over. I believe that we should make our government do the job that they are paid to do. We are a great country now instead of talking us down we should be ploughing ahead to make us the best in the world, if tarrifs are introduced by the eu dictators then [ a ] we could also impose tarrifs [ b ] we would then get our once great manufacturing businesses back [ c ] farmers would be able to sell all of their produce instead of the supermarkets importing milk/meat etc.
      I believe in our country and its people [ out of the eu ]

      • David Randall

        Christina, there EU are not dictators, don’t repeat stupid lies of the right wing press. It is comprised of member states just like ours.

        The government should indeed do the job that they are paid to do, and not alienate and then dump on the public. As the pound continues to sink I am sure some people in currency markets will benefit, but the rest of us will have to pay a high price in higher costs of imports.

        I run a work hub and all of my 70 members, small businesses like us, are very sad and depressed at the prospect of Brexit. No one can believe that we have made this stupid decision, and the quicker we wake up and make sure is DOES NOT happen the better.

  • David Randall

    In response to the Brexit referendum, the tech community has created the platform Tech Unity as a voice to decision makers. Join here.

    Some reaction from Next Web to the Brexit vote and the impact on tech is here