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#MALG15 Workshop D   Small Business Debts - slideset
What do we mean by small
businesses?
EU definition: Less then 10 employees with
an annual turnover/balance sheet that doesnt
exceed 2 million euros
The UK economy and growth in
self employment
The challenges of being self-
employed
Earning a living
Coping with debt
Cutting back
The personal cost
Text
Financial resilience
Text
Banking and borrowing
Text
Building success
Text
How can we all help?
Text
Our recommendations
For Government
≒ Improve access to support and information
≒ Tackle late payers
≒ Improve access to business credit
≒ Support with real-time accounting
≒ Explore new debt solutions for small businesses
≒ Ensure the business rates system supports struggling businesses
≒ Improve data on official self-employed statistics
Our recommendations
For creditors and utility companies
≒ Improve access to banking facilities including a basic bank account
≒ Develop products tailored to micro-businesses
≒ Pass on energy savings to business as well as domestic customers
For support organisations
≒ Encourage a support seeking culture

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