Small Business Service

Small Business Service (SBS)

an agency of the DEPARTMENT OF TRADE AND INDUSTRY, established in 2000 to promote the interests of small BUSINESSES (see entry). The SBS's specific tasks are to provide a forum for small firms within government; assist in the formulation of government support mechanisms for small firms, and help small firms in dealing with regulatory provisions. The SBS is responsible also for the development of the BUSINESS LINK network which provides business information, advice and support in England.

Similar business support agencies have been established in Scotland (the Small Business Gateway and the Business Information Source (operating, respectively, in the Scottish Enterprise area (the lowlands) and the Highland and Islands Enterprise area); in Wales (Business Connect) and in Northern Ireland (Local Enterprise Development Units).

The SBS also coordinates various financial support schemes to small and medium sized businesses (SMEs) under the Enterprise Fund which has three components: the LOAN GUARANTEE SCHEME which underwrites bank loans etc against default; the High Technology Fund (which provides finance for existing funds that support investment in the high technology sector; and Regional Venture Capital Funds (which provides equity finance to small local businesses). See SMALL BUSINESS COUNCIL.

Small Business Service (SBS)

an agency of the DEPARTMENT OF TRADE AND INDUSTRY, established in 2000 to promote the interests of small businesses. The SBS's specific tasks are to provide a forum for small firms within government, to assist in the formulation of government support mechanisms for small firms and to help small firms in dealing with regulatory provisions. The SBS is responsible also for the development of the BUSINESS LINK network, which provides business information, advice and support. See INDUSTRIAL POLICY.
References in periodicals archive ?
It is designed and priced for the needs of small businesses and small business service providers.
India, May 25 -- Intel Corporation today launched the Intel AppUp Small Business Service, an innovative service running on the Intel Hybrid Cloud platform that enables server manufacturers, software vendors, and service providers to offer small businesses key advantages of cloud computing with applications and data running on their own premises.
Consults in career outplacement/career transition programs, organizational training & development & small business service including human resources start up, executive coaching and virtual employee relations consulting.
Designed specifically for small business service providers of all sizes and types, the Business Productivity Kit Services Edition provides easy-to-use databases to manage clients, process sales orders, track projects, send targeted direct mailing, produce invoices, reports and mailing labels, and more.
The Regional Women's Enterprise Unit is funded by regional development agency Advantage West Midlands, the European Social Fund and the Department of Trade and Industry's Small Business Service.
A report condemning the Government's Small Business Service as 'ineffectual' has been backed by a Huddersfield-based business group.
THE government's Small Business Service was heavily criticised in a National Audit Office report yesterday.
The project took eighteen months to complete and was part financed by a Smart Award, granted by The Secretary of State for Trade & Industry through the Small Business service.
The annual increase is the largest since the Department of Trade and Industry's small business service began collating the data in 1995.
The renewed remit from the government's Small Business Service (SBS) for Business Link in the Tees Valley is the result of improved performance and confidence in the group's vision for the future.
The company won the [pounds sterling]20,000 Smart Micro project award (now renamed Research and Development grants) from the Department of Trade and Industry's Small Business Service, which aims to encourage innovation in England.
The SBAC will work in close partnership with the region's other small business service providers such as the Small Business Administration and Small Business Technology and Development Centers, but provide a more personal and customized service.

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