Doug Richard, former Dragons Den panellist and current head of the Conservative Party Small Business Task Force has called for drastic reforms of the Governments Business support regime.
The report found the current support system is ‘over complex, ineffective and undirected.’
Two thousand public bodies are currently spending £2.5billion on running three thousand support schemes, with Richard claiming that a third of the money is spent simply to tell customers where to find advice.
The report calls for a single national web based information service to replace organisations like Business Link and the like. The site would allow users to rate suppliers information and advice on a system similar to that used by auction site eBay.
Government departments, agencies and regulators would be legally obliged to provide relevant information on the site and private sector businesses would be able bid for public service contracts through the same website.
Richard sums up “Our recommendations would create a single, web-based business information system and an open market for expert advice, in which the needs of the customer – business – would come first.”
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