Business Development

Only 20 per cent of small firms export to the EU, but all are constrained by red tape

Hannah Wilkinson | 8 March 2016 | 8 years ago

Andrea Leadsom
One in five SMEs have female leaders
Energy and climate change minister Andrea Leadsom has called for small business leaders to reconsider the benefits of staying in Europe, pointing to the high costs that red tape inflicts on small enterprises.

The comments were made on Radio 4’s Today programme ahead of the International Women’s Day launch of pro-Brexit campaign group Women for Britain, which is also supported by employment minister PrittI Patel who recently compared the women fighting for a Brexit to the?suffragettes.

Patel argued recently:?”While we remain in the EU, the potential and ambition of women is being held back.”

Leadsom also highlighted that one in five SMEs have female leaders, compared to fewer than ten per cent of big UK companies. Research by the Department for Business, Innovation & Skills (BIS) published in 2010 revealed that?86 per centof these female-run companies were micro businesses.

Female voters are currently far more likely to be undecided over how they will vote in the forthcoming referendum, with fewer than one-third certain as to how they will vote, according to?recent polling.

The launch of the all-women out? campaign follows the formation in January of a female pressure group focused on the arguments for remaining in the EU, backed by business leaders including Business Advice?Small Business Decision Makerskathryn Parsons, Karen Brady and Martha Lane Fox.

In an open letter to the London Evening Standard signed by in excess of 50 high-profile women, the group argued: Free trade agreements have enabled businesses to crack new markets, regulation has been aligned to allow us to operate across Europe and travel round the continent has been made quicker, easier and cheaper.

Small business community Enterprise Nation, lead by Emma Jones, is currently conducting detailed polling of members on the issue, following a poll of its Twitter followers which revealed that 64 per cent were in favour of the UK remaining in the EU.

The British Chambers of Commerce has taken an officially neutral stance on the issue with director John Longworth resigning on Sunday following recent comments he made in favour of a Brexit.

To find out what serial entrepreneur Hermann Hauser thinks about the EU referendum, check out this interview.

Related Topics

16 Tips & Tools to Boost Small Business ROI
8 January 2024

16 Tips & Tools to Boost Small Business ROI

Read More →
How to Master the Art of Professional Networking
3 January 2024

How to Master the Art of Professional Networking

Read More →
How Businesses Can Save on Their Energy Costs This Winter
28 September 2023

How Businesses Can Save on Their Energy Costs This Winter

Read More →
Exploring the Immersive World of VR Development: Applications and Opportunities
25 September 2023

Exploring the Immersive World of VR Development: Applications and Opportunities

Read More →
The Importance of Data Analytics in Making Informed Business Decisions
14 September 2023

The Importance of Data Analytics in Making Informed Business Decisions

Read More →
How to Write a Business Plan That Investors Will Love
13 September 2023

How to Write a Business Plan That Investors Will Love

Read More →

If you enjoy reading our articles,
why not sign up for our newsletter?

We commit to just delivering high-quality material that is specially crafted for our audience.

Join Our Newsletter