Serena Humphrey, owner of financial training company F Word, has launched a campaign aimed at ensuring SMEs in the UK survive longer and are more successful.
Humphrey launched Survive & Succeed – the Campaign for Successful SMEs in front of around 50 business leaders in Nottingham yesterday (Thursday 10th), and is looking for 100,000 signatories to a petition asking the government to rethink the tax on directors’ dividends announced by Chancellor George Osborne in his summer Budget.
Humphrey, who says that costs for SMEs such as auto-enrolment and the Minimum Wage increases are making it harder for small companies to survive, said: “It’s been my dream to launch this campaign for over 20 years now so I’m very excited to finally see this become a reality. We’re using this campaign not only to rail against the dividend tax, but also to raise awareness of the low, long-term survival rates of SMEs – especially in Nottingham.
“The priority for the campaign is getting the petition out there and to build up support We need 10,000 signatories to get a response from the government, and 100,000 to get a debate in the House of Commons. We’ve a long way to go on this, but business owners do seem to really care about the problem – we just need to reach them.
“In five years’ time I’d love for Nottingham and the whole East Midlands to have the best survival rate in the country – and to be a benchmark for the UK.”
Other speakers at the event included Graham Mulholland of EPM: Technology and James Simmonds of UHY Hacker Young. The event was chaired by Sam Metcalf of East Midlands Business Link.