In the first survey of small business owners to be conducted since the 2015 UK General Election, the Federation of Small Businesses (FSB) revealed its results following consultation with 2,327 small firms.
When asked what issues they would like the Government to focus on over the next five years, over half (53%) said they wanted Ministers to reduce the regulatory burden on business, with simplification of the tax system a close second on 51%.
Reforming business rates and improving the employability of young people were also noted as important benchmarks for the next five years.
The FSB research found 35% of the businesses questioned wanted a sustained economic recovery to be the top priority for the new Conservative Government in the next parliament.
FSB national policy chairman Mike Cherry commented: “This response from FSB members shows first and foremost businesses want stability and certainty. This requires putting public finances on a sound footing, and then for Ministers to give a comprehensive vision for how they will support enterprise followed by a clear timetable for when they will deliver it.”
He continued: “Today’s wide ranging research sends a very clear message on what small businesses want from the new Government – a supportive, light touch tax and regulatory environment in which to grow their business, creating prosperity and jobs.
“Over the five years of this Parliament, our member’s top priorities are to lighten the burdens of regulation and tax, reform broken business rates, support the development and skills of young people, and improve broadband and mobile connectivity. We look forward to meeting with Ministers to discuss how we can help make this happen and continue to foster the economic conditions which allow enterprise to flourish.”