Tag Archives: growth

Good News in Latest Broadband Expansion Figures

broadband oct 15

Michael welcomed figures released this week showing that tens of thousands of homes and businesses in Sevenoaks and Swanley are now able to benefit from superfast broadband coverage.

The Government and local authorities are investing £1.7 billion to bring superfast broadband to as many people as possible across the UK.  The Kent element of the national programme has been allocated over £17 million.

In the Sevenoaks constituency, this will ensure that 14,726 premises will benefit from superfast coverage by June 2017, of which 11,724 have now received coverage.  This is in addition to the 23,584 premises that have received it under the commercial programme.

In the three months to June specifically, 1,769 premises across the constituency have gained coverage.

Michael said: “I welcome that the Government’s commitment to superfast broadband expansion is continuing to benefit people across my constituency.  It is crucial to keeping our local economy growing and will make life easier, cheaper and faster.  I will continue to advocate further expansion over the coming years.”

Success for Sevenoaks Constituency in New Business Figures

Michael welcomed new figures showing that 60 people have started their own business after being helped off benefits in his Sevenoaks constituency, with the support of the Government’s New Enterprise Allowance.

Since its introduction in April 2011, the allowance has helped 73,000 people on out of work benefits across the country to set up their own businesses.  Individuals are supported by a business mentor and receive 26 weeks of financial support.

Michael said: “It is excellent news that so many people in my constituency have not only left a life on benefits, but have also started to make such a positive contribution to our economic success.  This is the latest example of the Government supporting those who want to work.  I wish all those who have been helped by the New Enterprise Allowance every success.”

Business is Great Britain

business is great britainSpeaking in support of local businesses at the setting for the final of the British Touring Car Championships held at Brands Hatch from 10-13th October  Michael said:  “The Business is Great Britain campaign, which launched last year, now provides a comprehensive website that makes it easier for small businesses to access the support that will help them grow through exporting, hiring and business planning.  They will also be able to see how services such as those offered through UK Trade & Investment, Growth Accelerator and the National Apprenticeship Service can help their business to grow.”

“Alongside this campaign the Government has unveiled a range of new support this year for small businesses.  It has:

  • Introduced a new Employment Allowance which will put up to £2,000 back into your business:  450,000 small businesses will pay no national insurance at all;
  • boosted the number of apprenticeships to 1.8m since 2010 and driven up the quality of training every apprentice receives.  Grants are now offered of up to £1,500 to support firms that hire an apprentice;
  • Developed Growth Vouchers to help business owners to find and pay for strategic advice to grow their businesses;
  • Introduced a new range of measures to make it easier for people to run a business from home, from updated planning guidance to clearer business rates;
  • Made it easier to access finance.  New Start-up loans have been offered to over 20,-000 businesses and £100m has been drawn down;
  • Helped thousands of businesses to break into new markets, with local support from UKTI’s international trade advisors.”

“This already builds on the significant progress which has been made int he last four years.  This includes:

  • Targeting 3,000 rules to be scrapped or amended – this is the first Government in modern history to reduce the overall amount of regulation, saving businesses over £1.2 billion;
  • Extending small business rate relief until 2015.  This is saving £ millions for small businesses;
  • Introducing the Seed Enterprise Investment Scheme, R&D tax credits and Annual Investment Allowance;
  • Establishing the British Business Bank – through their finance programmes £782m of additional lending and investment is available to smaller businesses
  • Cutting corporation tax to 20 per cent, making the UK tax system one of the most competitive int he world, the joint lowest in the G20.”

He also welcomed Bill Fox, MD for Kent Business Academy which offers help to businesses looking to improve and grow, Darryl Eales, Advisory Chairman for Lloyds Development Company, Guy Townley from the Intellectual Property Office, Alan Gow, Series Director for BTCC and Nick Kelly, MD of AFIA Ltd who has secured £125,000 from the Escalate fund to help it grow his mobility equipment business.

On A Roll: Celebrating Local Business Growth

oaks chamber of commerce

Copyright Russell Grant

Speaking at Sevenoaks & District Chamber of Commerce Celebration of Business event at St Julian’s, Underriver on Thursday 5th June, local MP and business Minister Michael Fallon said: “Unemployment in Sevenoaks has fallen substantially since the last General Election.  The number claiming Job Seekers Allowance has fallen from 1,074 in May 2010 to 675 in April 2014 – a drop of 37 per cent.  There are now a record 4,720 businesses registered for VAT in the Sevenoaks area. Local firms have created 1,640 apprenticeships since the last election, over 500 of them last year.  There are still challenges, and the government has announced new plans to improve lending to small firms and to help them win a bigger share of public sector contracts. But Sevenoaks business is on a roll.”