The Cross-Party Group on Small Shops has today launched a new Inquiry on how to support entrepreneurs trading on high streets, shopping parades and in rural locations throughout Wales.
The Supporting Entrepreneurship Inquiry will seek evidence on the breadth and depth of the contribution that different types of entrepreneur make to the Welsh economy, looking at how to support these entrepreneurs to grow, invest and secure their long-term future.
The Inquiry is especially relevant in the current climate as thousands of businesses are dealing with increases in their rates bills, changes to their business rate relief and increases in employment costs.
The Inquiry will explore the following key themes:
- People: how to equip people with the knowledge, skills and resources needed to start and develop a business.
- Places: how to support the vibrancy and viability of the locations where entrepreneurs trade in Wales.
- Policy: how policymakers can encourage growth in entrepreneurship and business development.
Chair of the Cross-Party Group on Small Shops Janet Finch-Saunders AM said: “I am delighted to be launching this exciting new inquiry, looking into how we can help to promote and support our entrepreneurs across Wales.
“We have such unique locations and opportunities for business here, and by exploring how we can ensure people have the skills, knowledge and resources to turn business ideas into reality, we can really make a huge difference to our SME economy, and boost Welsh productivity and innovation even further.”
Welsh Assembly member Mark Isherwood said: “It is our entrepreneurs who organise, manage and assume the risks of a business or enterprise on our high streets and across our regions, and decisions taken by policy makers in Cardiff Bay must be based upon a proper understanding of the threats and opportunities facing them on the economic frontline.”
The Inquiry is now accepting written evidence from interested stakeholders until Friday 20th October. The consultation document is available here.
A number of oral evidence sessions will also be held within the National Assembly for Wales, drawing on a range of expertise from private business, business representative organisations, industry experts and the further education sector.
The Inquiry will submit a final report to the Cabinet Secretary for Economy and Infrastructure in Spring 2018.
