ICAEW Launches SME Advice Scheme

Thursday, September 29, 2011 Print Email

ICAEW has launched a new initiative designed to provide small companies and start-up businesses with financial advice in order to help economic growth.

More than 2,000 ICAEW practices have already signed up to offer the initial free consultation under the new Business Advice Service (BAS) scheme.

Under the scheme, small and medium enterprise(SME) owners can contact firms in their area on a variety of issues, both large and small, and there is no future obligation.

Clive Parritt, ICAEW president, said: ‘The BAS will offer SMEs the opportunity to discuss their business with a qualified chartered accountant through a free initial consultation. ICAEW chartered accountants will be able to offer expert advice on a whole range of issues facing them – from starting a business to turnaround, restructuring, financial management or taxation issues.’

The scheme is also supported by the Department for Business Innovation and Skills (BIS). Mark Prisk, minister of state for business and enterprise, said: ‘Small firms are the bedrock of the UK economy but some also need financial management support. This service is an example of how businesses can work together and will hopefully lead to local economic growth and potential job creation.’

Participating ICAEW practices will display a specially designed logo, and small businesses can find details of firms in their local area at www.businessadviceservice.com .

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