BusinessZone members grill the enterprise minister

BusinessZone members submitted their questions before the online chat via email and twitter, as well as on the live page during the debate, and many pushed the minister for clues on what to expect from the chancellor's autumn statement on 29 November.  

Prisk began the discussion with an update on activity around Global Entrepreneurship Week. The government unveiled the revamped Business Link on Monday, followed by the National Consortium of University Entrepreneurs scheme on Tuesday and the £1.2m Get Mentoring network on Wednesday.  

Members quizzed the minister on employment, apprenticeship schemes and funding for small businesses, ranging from banks and alternative routes such as SME bonds and the government’s credit easing programme. 

Prisk replied: "The chancellor is serious about making sure we ease credit as well as make the investment in key infrastructure, including broadband. On finance, it’s worth mentioning our Finance Fitness Campaign, designed to help improve the financial preparedness of SMEs."

Regulation was also a prominent topic in the discussion. Graham Mills asked: "When are you actually going to remove some of the red tape?"

Prisk answered that the Department for Business, Innovation and Skills (BIS) plans to overhaul financial accounting rules would businesses up to £600m a year and highlighted the government’s Red Tape Challenge to eliminate unnecessary regulation.

Prisk promised some "common sense changes" to health and safety regulations. But in answer to the suggestion for a VAT holiday for start-ups in their first year, he replied: "A blanket scheme wouldn’t work for everyone."

To replay the live chat in full, click here.