18 March 2007

Small Business in Coventry

Small businesses and the self employed are under pressure as never before. Many self-employed people find themselves working desperately hard for little reward.

The Coventry Green Party is in favour of a vibrant local economy, with thriving independent shops.

Having shops and services within close reach for all isn't a luxury: it's a necessity.

- One tool to ensure this are community banks, local economic trading schemes (LETS), and microcredit projects, specifically tasked with supporting small enterprises. The Coventry West Credit Union are opening new offices in the city arcade this coming Friday morning. The Women's Business Development Agency in Coventry helps women take control of their lives by providing the specific support and advice they need to start and sustain their own business.

- Urban post offices are also key in supporting and sustaining local small business. The new economics foundation has found that for every £10 earned in income, the post office generates £16.20 for its local economy – including £6.20 in direct spending on local goods and services. Each post office saves small businesses in their direct vicinity in the region of £270,000 each year.

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