- New Employment Allowance will take the first £2,000 off the employer National Insurance bill of every company in the country
- Around 450,000 small businesses - one third of all employers - will pay no employer National Insurance at all after introduction of Employment Allowance in April next year
- Small firms will be given help through Government procurement budgets, growth vouchers and controls on regulators' charges
- The Capital Gains Tax holiday will be extended
- Corporation tax to be reduced by a further 1% to 20% in April 2015
- Small company and main rates of corporation tax merged at 20p
An initiative by three Cumbrian Councils to agree to promote business and employment along the M6 corridor in the county has been praised.Rory Stewart, MP for Penrith and the Border said:
Three Cumbrian councils have agreed to work together to promote the economy in the county along the M6 from junctions 36 to 44.
The leaders of Carlisle City Council, Eden District Council and South Lakleand Council have each signed up to the 'M6 Corridor Initiative.'
The Initiative outlines that the councils will work collaboratively to:
- Promote economic growth along the M6 corridor in East Cumbria
- Provide employment sites within easy reach of main transport routes
- Support development wherever it is most appropriate across the area
- Improve infrastructure and communication networks along the corridor
- Make it easier for businesses to relocate in the area
- Seek to attract new and growing investment
- Market the corridor as an area open for business
- Work with partners such as the County Council and Cumbria Local Enterprise Partnership to facilitate growth .
The chairman of the Kirkcudbright Chamber of Commerce, Norman Thomson, believes that the former Milklink Processing plant should be kept for industrial purposes.
Business leaders have criticised councillors who have approved plans for 36 houses to be built on the site of the former Milklink Processing plant in Kirkcudbright.
The chamber of commerce is objecting because they think the site should be kept for industrial purposes.