The Government has announced a major review of they way it gives financial support for business.Although the DTI was relatively unscathed in the post-election shake-up, the Trade and Industry Secretary Patricia Hewitt has taken the opportunity to rerivew how the department delivers its business support system.
The aim is to deliver a system that is better targeted, less confusing and provides better value for money.
The review will focus on two main strands – industrial and manufacturing support and manufacturing, and wider business support.
The DTI spends around one billion pounds a year on business support, delivered direct to firms or through intermediaries such as Business Links. It’s thought existing schemes can be sharpened, but the DTI will consult on how with stakeholders and customers.
The results on the initial review should be available during the summer.