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 ?
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.
Research by the Small Business Service found small firms were responsible for 540,000 of the 750,000 net gain in jobs over the three-year period.
SMBs access the Intel AppUp Small Business Service through service providers, paying a monthly fee only for software they use while maintaining control of their application and data onsite.
Business support groups are being urged to form a single Black Country small business service.
Earlier this year, the Small Business Service Bureau Inc.
Intel AppUp(SM) Small Business Service lets small businesses use "hybrid cloud," offering benefits of cloud computing with server and data onsite.
CNA's Small Business Service Center provides excellent client support and broader eligibility than many of its competitors.
Sponsored by the New York City Department of Small Business Services, the Port Authority of New York and New Jersey, and NYCSCA, these initiatives are expected to create lines of credit, link fledgling firms to seasoned contractors, waive specific fees such as bonding costs, and offer training to small, minority-owned contractors.
12 to 14 -- The New York City Department of Design + Construction and the Department of Small Business Services is sponsoring the Small Business Development Workshop & Tradeshow for Minority, Small and Women-Owned Contractors/Vendors.
12 to 14--The New York City Department of Design + Construction and the Department of Small Business Services is sponsoring the Small Business Development Workshop & Tradeshow for Minority, Small and Women-Owned Contractors/Vendors.
Long Island City Business Development Corporation (LICBDC) and the New York City Department of Small Business Services (DSBS) recently celebrated the launch of the Long Island City Business Improvement District with a kickoff event at Met Life's headquarters in Long Island City.

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