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Help for the small firms
Page 21
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• The Government has accepted the Bolton Committee's recommendations that a Small Firms Division should be set up by the DoE and that a Minister should be made responsible for small firms. He will be the Parliamentary Under Secretary of State for Industry.
The place of small firms in the economy is to be continuously watched and their interests taken into account when policy decisions are taken.
As a first measure the Government intends to exempt companies with an annual turnover below £250,000 from certain of the disclosure provisions of the 1967 Companies Act; the committee had recommended that the statistical and form-filling burdens on small firms should be reduced and that a network of local advisory bureaux should be established to help them.