Can advisers fill the business support hole?
Regional business support is difficult for advisers to achieve on their own
I REALLY enjoyed Antony Federer’s opinion piece pushing advisers to think about getting more involved in business support in their region, but it left me with one concern.
The Rayner Essex partner claims that the government’s “peeling away” of regional business support structures could present an opportunity for advisers to fill the vacuum, citing his firm’s new venture with the Herts Chamber of Commerce.
However, my main worry is that the hole will be too big for them to fill on their own. Beyond chambers of commerce, where else can the firms turn to? Without the structures in place, it leaves plenty for the firms to whip up from scratch.
Perhaps regional firms need to band together, or institute district societies can step up to the plate.
If you’re involved in any local initiatives, or are just interested in the issue, drop a comment in below.