Flagship SME investment scheme 'failing' - Today's small business news roundup

  • By Josh Hall
  • 30 May 2012
Flagship SME investment scheme 'failing' - Today's small business news roundup

Investment schemes, pasty tax, and payday lenders - here's your need-to-know business news roundup.

The government’s ‘seed’ investment programme is failing according to analysts.

Reports suggest that the flagship Enterprise Investment Scheme has been stymied by a lack of suitable matches between investors and investment opportunities. [Telegraph]

The definition of a ‘hot’ pasty is to be changed following a U-turn on the controversial ‘pasty tax’.

Meanwhile the introduction of a new flat rate of VAT on static caravans will be delayed until April. [BBC]

Just 6 per cent of small firms would consider using ‘pay-day’ lenders according to new research.

Figures from BDRC Continental suggest that appetite for credit from lenders like Wonga is lower than previously thought. [Telegraph]

Read more about: General business , Business finance