Small Doncaster firms in Budget letdown

SMALL businesses across Doncaster have suffered a lending letdown in the Budget, according to a local tax and accountancy specialist.

Nigel Woodhouse, who runs TaxAssist Accountants, said: “Despite some welcome news on cutting employers’ National Insurance costs and scrapping planned fuel duty rises, our recent survey of small businesses showed access to funding was a top priority for local companies - and it will have been a major disappointment that there was no more information on the proposed new Business Bank and vital lending for growth.

“We’ll be looking closely at the proposed Growth Vouchers for small businesses and possible extensions to the Funding for Lending Scheme, but hoped to hear much more about lending lifelines for small businesses,” he added.