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The Forum of Private Business welcomed Michael Fallon's appointment to the Department of Business. He replaces Mark Prisk who moves to a housing brief.
Senior policy advisor Phil McCabe, said: "Mark Prisk has had an extremely difficult job during unprecedented economic times, and we thank him for the work he has done to help the small businesses sector while in post.
"But we think now is the time for a more radical approach to jump start UK business growth, and Michael Fallon has to come out of the traps quickly with fresh eyes, fresh thinking, and be prepared to consider the unconventional.
"We need further work to reduce late payment, including more action to force public bodies such as local councils to pay their suppliers promptly.
"We need new tax breaks for small businesses, and a reduction in red tape which actually leads to less time-consuming bureaucracy and form filling. These are absolutely fundamental issues.
"We also believe the new Business Minster should revisit the Coalition's finance policies and find new ways to get banks to start lending to SMEs, as well as pave the way for alternative funders to compete more effectively in small business finance markets.
"There's no doubt that this is a portfolio of goliath proportions and there are mountains ahead to climb, but the Forum and all our members wish the new minister every success in the job."
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Susie Hughes © Shout99 2012
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