Reported on Wed, 08 Feb 2006

Entrepreneurs should consider taking out a business loan to help energise a steady, but not dynamic, business market.

A new survey by the Small Business Research Trust (SBRT) reports that sales and investments were up in small and medium sized enterprises (SMEs) in the UK last year.

Brian Wolfe, chairman of the SBRT, has called on the government to do more to cut down on the amount of bureaucracy that SMEs have to go through.

"When reviewing challenges to growth that smaller businesses have faced, as recorded in our quarterly surveys in 2005, tax and employment regulations have consistently been the main barriers," he said.

Mr Wolfe added that: "The government's targets for reducing red tape by 25 per cent over the next five years are certainly ambitious. If government is to achieve these targets, there needs to be a change in their approach to dealing with the regulatory burdens that are surrounding small business."

However, investments in SMEs during the last 12 months were still up five per cent from 2004, with the hotel and restaurant sectors experiencing particularly strong sales.

A business loan is a straightforward and simple way to stimulate business growth in a consistent and reliable business climate.

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