Lib Dems launch “start-up allowance” for budding entrepreneurs

The Liberal Democrats would give a "start-up allowance' to help budding entrepreneurs with living costs in the first six months of setting up their business.

The party is making a bold pitch to be the party of business with Tim Farron the only major party leader committed to Britain's membership of the single market. Tim Farron launched the party's business policy at the Liberal Democrat Entrepreneurs Network event on 16 May.

Susan Kramer, Liberal Democrat Business spokesperson, said:

"Entrepreneurs are the lifeblood of a thriving economy but I know from my own time in business, the early months can be really tough. This will really help get small businesses off the ground and let the economy grow. It takes courage to set up a business, and we are on the side of entrepreneurs."

Tim Farron said:

"While the Conservatives focus on giving tax cuts to giant corporations, our focus is on small businesses seeking to grow. And unlike Labour and the Conservatives, we would stay in the single market."

Other key policies include reviewing controversial business rates and expanding the state-owned British Business Bank to make it easier for firms to borrow.

Tim Farron added:

"Many firms are struggling to borrow to invest, and that is suffocating an economy being propped up on consumer spending. The Conservatives have lost the right to call themselves the party of business. The Liberal Democrats are now that party.

"A Conservative landslide will be bad for you and your family. Bad for your job. Bad for your bills. Bad for the NHS. Bad for our schools. But have hope. A better future is available."