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Ways a government supports businesses - Coggle Diagram
Ways a government supports businesses
GRANTS
sums of money given to businesses
in order to pay for set up costs or expansion
DO NOT HAVE TO REPAY THE MONEY
ADVICE
sources of advice is important
helps understand tax, employee rights and aspects of finance
gives extra advice and support
TRAINING
provides courses for unskilled, unemployed and older people
can help get more of the population into work
sets up training courses, often for free
LOANS
providing small loans
aimed at businesses that are struggling to gain finance
TAX RELIEF
allows businesses a set amount of time when they do not have to pay any tax
MENTORS
access to people who have run a successful business
use of their advice and knowledge