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The Chancellor’s 2014 budget this week was billed as one that supports businesses and investment. The NFDA are pleased to see that the annual investment allowance was increased and extended to help businesses invest, however we feel this could have gone further and extended the allowance beyond 2015, a point we will raise to government.
It was also announced that the government is building on the success of the Apprenticeship Grants for Employers (AGE) scheme, by providing an extra £85 million in both 2014-15 and 2015-16 for over 100,000 grants to employers. Also announced was £20m for post graduate apprentice training. This will be a positive initiative for the retail motor sector and an area we will be looking into.
Next week I will be attending the European Car Dealers round table conference in Brussels where a number of important topics are on the agenda – unfair commercial B2B practices, the relationship between dealers and their manufacturers and the future of franchised dealers. A full update will follow in next week’s news.
Finally – a reminder of a date for your diary – SATURDAY 11 OCTOBER 2014 – the NFDA’s Autumn Ball at The Grove Resort in Hertfordshire – an evening of fun and entertainment. Don’t miss out! Please see today’s news for more details!
Sue Robinson, NFDA Director