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The UKs leading business organisations met with small business leaders yesterday to discuss issues pertaining particularly to small firms such as company legislation.
It is hoped that the newly formed Small Business Forum will provide the government with the opportunity to learn of the problems facing the UKs 4.3 million small and medium sized enterprises (SMEs).
The chair of the meetings is Margaret Hodge, the minister for industry and the regions, who has high hopes for the new forum.
"The Small Business Forum will be a new opportunity for me to regularly meet ten small business owners and each of the UKs main business membership bodies in an open and frank round table meeting", she said.
"The UK is already ranked as one of the best places in the world to start and grow a business, but it could be even better", she stressed, adding that the meeting s will help improve matters further.
Business start-ups are thought to employ three in five individuals in the private sector.
The Ministry of Defence announced earlier this week that is would be looking to offer more contracts to the SME sector.
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