B762 - Small Business Starter Bill 2015 Watch

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Birchington
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B762 - Small Business Starter Bill 2015, TSR GovernmentA bill designed to help small businesses off the ground.

BE IT ENACTED with the advice and consent of the Commons in this present Parliament assembled, in accordance with the provisions of the Parliament Acts 1911 and 1949, and by the authority of the same, as follows:

1. Specifics

(1) Every 6 Months, small businesses may apply to the Office for Business, Innovation and Skills for a grant to help kickstart their business.
(2) 5 Businesses will be picked every 6 months
(2.1) These 5 businesses would be handpicked by The Office for Business, Innovation and Skills from all the Business that apply and meet the qualification criteria below.
(3) Each Business will receive £100,000
(4) This will cost £1,000,000 every year

2. Qualification

(1) To qualify as a small business, the business must:
(1.1) Have no more than 50 employees
(1.2) Have an annual turnover of less than £2,500,000
(1.3) Have an annual profit of less than £500,000
(1.4) Have a valuation of less than £3,000,000
(1.5) Have an annual profit of at least £25,000

This bill may be cited as the Business Kickstarter Bill 2015.

This act extends to The British Republic.

This bill shall come into force immediately.
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Saracen's Fez
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Aye. A sensible bill which isn't too draining on the Treasury.
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Aph
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Aye.
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Rakas21
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Sort the formatting, tell us in more detail what the criteria are beyond that (a raffle ect..) but this is okay.

'Aye'.
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James Milibanter
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The bill states that the business would need annual profits of £25000, what about the many businesses in need of an investment such as this that would help them go beyond break-even? which is where most small businesses are.
I'll probably abstain.
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RotatingPhasor
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I don't really know too much about business, but I'm pretty sure most new businesses start off making a loss and so the £25K rule might be harder for them to satisfy.
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Jean-Luc Picard
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Abstain.
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RayApparently
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(Original post by Rakas21)
Sort the formatting, tell us in more detail what the criteria are beyond that (a raffle ect..)
Something for the second reading.
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RayApparently
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Aye, of course.
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GoldenEmblem277
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Aye
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PetrosAC
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(Original post by Jean-Luc Picard)
Abstain.
On what grounds are you abstaining?

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username1524603
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I do not support this when the requirement for businesses to be making at least £25000 is in place, it stifles small businesses starting up. I want to know more about the profit being measured and the people who will decide what business receives the money. Overall, I do not see why this is a bill when it could be Department for Business, Innovation, and Skills' statement of intent.
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tehFrance
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#13
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This is already in place IRL... Also £1m isn't enough per year.
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Tanqueray91
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Businesses who are making at least £25,000 profit are obviously doing better than those who are barely making any profit, and it's those businesses who should be getting more help, and some help from the government in the form of £100,000, especially when they're starting out - for those reasons:

Nay
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Jean-Luc Picard
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(Original post by PetrosAC)
On what grounds are you abstaining?

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Don't see why this is needed tbh.


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The_Mighty_Bush
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No, we need the state out of the economy, not even further in it.
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Aph
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(Original post by The_Mighty_Bush)
No, we need the state out of the economy, not even further in it.
Why? Just so bankers can wreck it again?

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TeeEff
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#18
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Abstain. This bill makes very little difference to startups/SMEs and as others have said, only requires a statement of intent. The requirement for profit also ignores how many startups are loss-making in their growth phase, which is when such financing would come handy.
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The_Mighty_Bush
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#19
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(Original post by Aph)
Why? Just so bankers can wreck it again?

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You don't really know what you are talking about.

The banking system isn't free market.
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Aph
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(Original post by The_Mighty_Bush)
You don't really know what you are talking about.

The banking system isn't free market.
Great argument there:rolleyes: because clearly you are infinitely more intelligent than me...

And Thats because of government interventions....

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