Stafford MP, Jeremy Lefroy has welcomed the recent announcement by the Chancellor of the Exchequer introducing a small business support package aimed at helping small businesses grow and reach their full potential.
The package will provide £31 million towards creating a small business leadership academy and a business mentoring and peer network - both of which will provide small business leaders with the skills needed to improve their companies.
The small business leadership academy will supply management training to 2,000 leaders within the first year. The hope is that this academy will grow to 10,000 leaders within the next 7 years.
The business mentoring and peer network will be comprised of multiple businesses, ranging from small to global firms, with the intention of learning from one another.
Commenting, Jeremy said: “I welcome this package of support as a means to help our small businesses continue to thrive in today’s economy. SME’s are the backbone of our economy and create the majority of jobs in our communities. It is therefore crucial that we support them in acquiring the proper management training needed to keep their businesses running smoothly.”