1© Industrial Textiles & Plastics Ltd Richard Menage Chairman of Industrial Textiles and Plastics

2© Industrial Textiles & Plastics Ltd  Established 1989  Producer of building membranes and chemical protection fabrics  Expertise in Flame Retardant and Chemical Resistant Technologies A private company WHO WE ARE

3© Industrial Textiles & Plastics Ltd SCAFFOLD SHEETING

4© Industrial Textiles & Plastics Ltd BUILDING MEMBRANES

5© Industrial Textiles & Plastics Ltd CHEMICAL PROTECTIVE FABRICS

6© Industrial Textiles & Plastics Ltd Innovative software CHEMICAL PROTECTIVE FABRICS

7© Industrial Textiles & Plastics Ltd  25% of sales exported  Europe, North America, Middle East & Far East  7 languages  Any currency Worldwide exports EXPORTS

8© Industrial Textiles & Plastics Ltd  Strategic & cultural –Transition from trading to manufacturing and adding value –Research & Development –Commitment to Scalability – in our case, exporting  Government support –R&D Grants –Export Grants Significant factors for growth OUR EXPERIENCE

9© Industrial Textiles & Plastics Ltd  UK’s small businesses  Burdens imposed on business  Support for business  Business needs Main topics GOVERNMENT & BUSINESS

10© Industrial Textiles & Plastics Ltd  vital contributors to UK economy & our country’s prosperity  vital tax take  vital for creating jobs Small businesses are the backbone of the UK economy UK BUSINESSES

11© Industrial Textiles & Plastics Ltd UK Private sector UK BUSINESSES ClassEmployees BusinessesEmployeesTurnover 000s% %£ Billion% Micro0 - 95, , Small10 – , Medium , Large , , Total5,24325,2283,521 Source: BIS, Business population estimates, 2014

12© Industrial Textiles & Plastics Ltd  Companies <50 employees –account for50% employees in private sector –account for33% of turnover –but only 12% of exports Small business UK BUSINESSES

13© Industrial Textiles & Plastics Ltd Corporation Tax BURDENS ON BUSINESS North America average33.3 Oceania average27.0 Latin America average26.9 Global average23.9 EU average22.3 United Kingdom20.0* Source: KPMG, 2016 VAT EU average21.6 United Kingdom20.0 Latin America average13.1 Oceania average13.0 Asia average12.4 North America average5.0

14© Industrial Textiles & Plastics Ltd Social Security (NI) employer & employee (%salary) BURDENS ON BUSINESS Source: CeliaAlliance 2015

15© Industrial Textiles & Plastics Ltd  Headline taxation appears reasonable and competitive  Stealth taxes –NI –VAT –IPT –Dividends –Pension contributions? Taxation BURDENS ON BUSINESS

16© Industrial Textiles & Plastics Ltd  SME – lack of dedicated HR  Hiring & firing  H&S  Social security, pensions, administering payroll taxes  Maternity/paternity leave, sick leave  Environmental legislation Compliance BURDENS ON BUSINESS

17© Industrial Textiles & Plastics Ltd  Balance –USAAt-Will, no requirement for paid holiday –FranceEmployee rights, 25 days paid holiday  Environment for SMEs –nimble & competitive –social responsibility Employment legislation BURDENS ON BUSINESS

18© Industrial Textiles & Plastics Ltd  Enable business to contribute to the UK economy  Demise of Business Link, Growth Accelerator & MAS  Business needs this incentive & expertise –Start-ups: advice, mentoring –Established: steps to growth Support services SUPPORT FOR BUSINESSES

19© Industrial Textiles & Plastics Ltd  Should be perceived as an investment not a cost  Confusing landscape –LEP, Growth hubs, UKTI, British Business Bank, Innovate UK, Catapult Centres, Design Council  Lack of awareness of existing schemes Support services SUPPORT FOR BUSINESSES

20© Industrial Textiles & Plastics Ltd  Culture of encouraging growth & wealth creation  Oil the wheels –ease burden of employment law –high taxation stifles enterprise –H&S & environmental legislation is gold-plated  Encourage links education & business Fostering Enterprise BUSINESS NEEDS

21© Industrial Textiles & Plastics Ltd  Signposting function (Business Link)  Increased awareness of opportunities & schemes  Simple application & quick decision-making  Expert advice  Taxpayer value for money  Long-term strategy, commitment, stability Business Support BUSINESS NEEDS

22© Industrial Textiles & Plastics Ltd  Biggest county  <1m population (601,500)  More SMEs than any other LEP in UK  Employment 280,000  Unemployed 21,900  1% more employment 2,800 jobs Key issues NORTH YORKSHIRE

23© Industrial Textiles & Plastics Ltd  Do not overtax the business community  Do not overburden with excessive red tape & legislation  Retain employment – infrastructure & superfast broadband  Close the gap between education & business  Foster & accelerate growth – signposting & grants  Listen to business – does the Government appreciate the value of SMEs? Support SMEs, the UK’s wealth creators THE MESSAGE