Small businesses optimistic about growth in future
FOR small businesses such as Rydale Roofing, the Budget provided a number of packages aimed at encouraging growth.
The Newcastle company, run by Mick and Julie Mirowski, was established in 1993, initially focusing on roof repairs for residents. Now it employs 21 people and the corporate contract side of the business is increasing.
It welcomed moves to increase capital spending plans by £3 billion a year from 2015-16, funded through reductions in current spending.
Julie said: "It all filters down. If people are building homes, they are employing more people, providing them with an income which they then spend in our economy, or even use to invest in a bigger home themselves.
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"Canceling the fuel duty increase will also have a big impact for us. In procurement, you set a fixed price for an annual contract so if costs, like the cost of fuel, goes up, you have to absorb them as you can't keep altering the price you've set."
Rydale is currently part way through a three-year contract with social housing provider Aspire.
Julie added: "It is also good news that the Government will increase its procurement budget for small businesses. "Quite often they offer better deals than some of the larger companies and could save the Government money.
"Not only that, they employ local people which is good for the economy - it's all about the Potteries Pound."