Jesse Young, CEO of PerDM, Believes That Small Businesses Should Take a Number of Positives from the Autumn Statement
The CEO of Per DM, along with many this week, followed The Chancellor George Osborne's autumn statement confirming a slowing in growth of the British economy.

CHESTER, ENGLAND, December 02, 2011 /24-7PressRelease/ -- The CEO of Per DM, along with many this week, followed The Chancellor George Osborne's autumn statement confirming a slowing in growth of the British economy. The Office for Budget Responsibility (OBR) has revised growth forecasts down from 2.3% to 0.9% this year and 0.7% in 2012. However, Jesse Young, CEO of Per DM Group, believes that there are a number of constructive plans that give reason for small business owners to be optimistic.

"While many will undoubtedly be concerned about poor economic growth prospects, the support the government has pledged to businesses will undoubtedly instill confidence and allow a aspiring entrepreneurs to kick start their companies," the PerDM CEO explains.

Many business owners have welcomed the Chancellors plans to boost the economy. The statement brought with it plans for a 'loan-guarantee scheme'. In this, the government will underwrite GBP40bn of low-interest loans to businesses. "This should make it easier for small- and medium-sized businesses to borrow," explained Jesse Young. "This form of credit easing will provide many businesses an avenue that was previously unavailable at a time of great economic difficulty."

There was further good news for potential business owners with the announcement that there will tax relief for investment in start-up businesses. "We are going to see many investors take more risks with small, start-up businesses," the PerDM CEO said. "With less penalty for failure, investors are more likely to consider them," he clarified.

Further good news for small businesses is that this relief for investment comes in conjunction with a rise in the cap set for the size of Enterprise Investment Schemes (a pre-existing government investment scheme that provides tax relief to investors in start-up companies) from GBP2m to GBP10m.

As Jesse Young explains, "Per DM gives support to potential entrepreneurs and facilitates the establishment and growth of their own businesses. While certainly, the UK and indeed much of the world faces difficult economic times ahead, aspiring entrepreneurs should not be deterred." The PerDM CEO also believes that the 'loan-guarantee-scheme' should mean that now is as good a time as any to start a business. "While it is important to exercise caution when entering the business world, at Per DM we believe that optimism is a crucial characteristic of any business owner," Jesse said.

Certainly it must be said that George Osborne is doing his best to make money available at a time when growth forecasts are being cut on an almost daily basis.

For businesses' sake let's hope that he has got his sums right this time.

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Jesse Young
Per DM
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