£77m cash boost for Small Business Service
Chancellor Gordon Brown this afternoon announced a £77m cash boost for the Small Business Service as part of the government's Comprehensive Spending Review.
Unveiling a £43bn increase in spending on public services, Brown emphasised the importance of providing a framework for business to flourish in.
The SBS – which currently receives a £200m a year budget – will see its funding raised to £277m by 2004.
He said new functions would also be added to the agency.
‘A new internet service and consultancy service for start-ups will be launched to support enterprise for all,’ he said.
A three-year programme was also announced to give additional funds to ensure the government met its target of having all services online by 2005.