'Government initiatives not reaching local SMEs'
entrepreneurs: Government initiatives are not reaching local SMEs' and ambitious entrepreneurs are thin on the ground according to a new survey.
The 2012 Yorkshire and Humber region Entrepreneurs' Survey has revealed the Government's initiatives to help businesses are simply not reaching those it is targeting. It said that while the region has many owner-managed businesses, it has relatively few ambitious entrepreneurs.
The 2012 survey shows that, despite the Government launching numerous initiatives to stimulate economic growth for SMEs, the majority of respondents (65 per cent) have not even heard of the initiatives.
In particular, initiatives to help with mentoring and exporting are failing to reach the region's SMEs.
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Chris Birkett, technical director at Hull-based Fan Frames, said: "One of the most alarming findings is the lack of ambition to export, which means companies simply are not targeting the majority of their potential market.
"Fan Frames is now looking to export to India which has a population of around two billion people.
"I would also advise people starting off in business to take advice from others who have recently been in their position.
"In Hull, the For Entrepreneurs Only club we attend has been a source of invaluable help, especially for the mentoring we have received."
The survey, commissioned annually by international law firm Nabarro and leading independent chartered accountants Barber Harrison & Platt (BHP).