Support More Entrepreneurs

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SIGN THE PETITION

We are calling on the Government to do more for Britain’s Small Businesses

SMEs and entrepreneurs are the backbone of the UK economy. In 2016 small businesses accounted for almost 100% of the country’s private sector and, 15.7 million of us were employed by an SME. British self-employment and entrepreneurship are set to become even more important drivers for the UK economy with the rise of the gig economy. Yet, more can be done by the government to help facilitate small business growth and entrepreneurship in the UK.

We are calling on the Government to launch the Entrepreneur ISA and Small Business Savings Allowance to support aspiring entrepreneurs and growing SMEs.

 

Lend your support by signing the petition and spreading the word

How it’ll Work
We plan to lobby the government over the next 12 months to introduce two new schemes to help entrepreneurial people and small businesses set up and grow their business.

Entrepreneur ISA
The Entrepreneur ISA is a scheme to help accelerate people’s plans to set up their first business by receiving a cash lump sum or bonus on incorporation of their business. As many as 1-in-3 employees could see themselves starting their own business in the next couple of years. This scheme will appeal to would be entrepreneurs and people who aspire to set up their own business.

Akin to the Help to Buy: ISA scheme for first time buyers, the Entrepreneur ISA is designed to encourage people to save, on a regular basis, towards the capital they’ll need to launch their own business. In return, on top of the tax free interest they’ll earn on their savings they’ll also receive a Government bonus. A welcome boost to their business plans allowing would be self-starters to start earlier or provide greater security around cash-flow at a time they most need it.

The funds saved in an Entrepreneur ISA would form part of an individual’s annual ISA allowance.

Small Business Savings Allowance
The Small Business Savings Allowance is to incentivise businesses to save spare or surplus cash either to fund future investment or to help them through tougher trading periods and is targeted firmly at existing small businesses. 

We all, as individuals, receive a Personal Savings Allowance meaning the interest we receive on our savings, within certain limits, is exempt from income tax calculations. We are proposing that small businesses in the UK should also benefit from a similar scheme with income generated from savings interest exempt from Corporation Tax, allowing business owners to keep more of what they earn.

These ideas are currently just that, ideas, but we are passionate about making them a reality. They may of course change as we talk with the Government and engage with the wider business community. Both schemes would require government backing and would form part of the wider package of business support provided by HM Treasury.

Help Secure the Future of British Business

Sign Petition Here

At Aldermore we believe in Backing Britain’s Go Getters; The Entrepreneur ISA and Small Business Savings allowance provides the backing and support in the areas where start up and SMEs need a little financial help. Find out more about Aldermore here.

We’ve got a big idea

We believe every entrepreneur, contractor, freelancer and small business owner has the right to start and grow their business. But they need support, and so do we.

We’ve started a movement.
Lend your voice and your signature and help us support some 5 million entrepreneurs and self-employed to take the next step. To find out more watch our campaign film, and help spread the word.

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