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David Cameron champions Britain as the home of enterprise at the World Economic Forum

POSTED: 29th January 2014
IN: Industry news
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Speaking in Davos on Friday, David Cameron underlined the importance of creating a supportive culture for UK business, in particular celebrating the recent upturn in UK manufacturing.

Speaking in Davos on Friday, David Cameron underlined the importance of creating a supportive culture for UK business, in particular celebrating the recent upturn in UK manufacturing.

"We've taken unprecedented steps to back enterprise," Cameron told the delegates gathered at day two of the World Economic Forum, highlighting steps taken to simplify business regulation and invest in infrastructure projects to back British industry.

"Ernst and Young now say Britain is the best place in Europe for new entrepreneurs," Cameron proudly proclaimed, adding, "This is the country that is so committed to cutting burdens on business, that no government Minister - not even me as Prime Minister - can propose a new regulation that affects business without getting rid of two others in return."

With the International Monetary Fund upgrading growth forecasts for the UK earlier this month, the outlook is looking promising for Britain's business community, with almost 400,000 more SMEs now operating that in 2010. In particular, after long-standing decline, British manufacturing appears to be entering a phase of renewal, with Cameron drawing attention to the encouraging re-shoring trend.

"A recent survey of small and medium sized businesses found that more than 1 in 10 has brought back to Britain some production in the past year.More than double the proportion sending production in the opposite direction," Cameron told the world's political leaders on Friday, mentioning numerous examples of businesses relocating manufacturing activity to Britain, including innovative computer manufacturer Raspberry Pi.

While prospects are positive for UK SME manufacturers though, Cameron believes on-going support from government and other organisations will be crucial to solidify this fledgling recovery.

"For years we have had UKTI out there helping our businesses to export and encouraging inward investment. Now I want to give that same dedicated specific support to helping businesses re-shore," Cameron explained.

Beyond the manufacturing sector, Cameron also stated the need for the UK to continue to align policy with the needs of the business sector, passing on the benefits of growth to homeowners and savers, summarising, "We need an unashamedly pro-business regulatory environment."

Aldermore welcomes this vision to improve opportunities for the enterprising small businesses, across the country that are helping to lift Britain out of recession, creating vital jobs and competing on an international stage.

 

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