SME business support continues to slide under Labor

The Sensis Business Index released today has painted a bleak picture for the outlook of Small and Medium Enterprises (SME) in South Australia under the Weatherill Labor Government.

The Sensis Business Index released today has painted a bleak picture for the outlook of Small and Medium Enterprises (SME) in South Australia under the Weatherill Labor Government.

With metropolitan and regional SMEs being the backbone of the South Australian business sector, the report reveals that just six per cent have exported in the past year – the (equal) worst result in the nation.

The report also highlighted that:

  • 44 per cent of the South Australian SMEs surveyed believed that the current Labor government’s policy worked against SMEs
  • South Australian firms had a negative outlook on the size of the workforce and capital expenditure, reflecting a lack of confidence in future growth prospects

Shadow Minister for Investment and Trade, Tim Whetstone said the report shows SMEs are struggling under this Labor Government.

“The latest Sensis Business Index demonstrates that the Weatherill Government’s tax regime is hurting the state’s SMEs and negatively impacting on their ability to effectively operate a business in South Australia,” Mr Whetstone said.

“Exports are a key driver of the South Australian economy and we need our SMEs to be continually accessing new national and international markets and compete on equal footing with interstate rivals.

“The lack of business investment and confidence in the State Government’s policies is a major contributing factor to the ever increasing rate of unemployment and the emigration of SA businesses interstate.

“The Weatherill Labor Government must immediately put measures in place to reduce the cost of doing business, cut red tape and provide more support for business to export and therefore create jobs.”

mediarelease