OVER 750,000 SMALL BUSINESSES WILL BE LOCKED OUT FROM ACCESSING THE SCHEME IN ITS CURRENT FORM.
Increasing Eligibility For Companies With 2-249 Employees Would Result In A £66 Million boost to the economy.
Widening the range of software available under the scheme would result in an additional £1.9 billion boost to the economy.
Expanding the software available and the employee threshold would boost the economy by £2.95 billion.
Coadec’s analysis of 12 Red Wall seats won by the Conservatives in 2019 shows an average £3.5m increase per constituency if eligibility and software criteria were expanded. The most recent addition, Hartlepool, would benefit from an additional £2.6m economy boost, with significant spill-over benefits to the local economy.