WHY

• TO REDUCE UNEMPLOYMENT- New businesses will often create jobs to reduce unemployment.
• TO INCREASE NEW COMPETITION – new businesses give consumers more choice and compete with already established businesses.
• TO INCREASE OUTPUT – the economy benefits from increased output of goods and services.
• » TO BENEFIT SOCIETY – entrepreneurs may create social enterprises which offer benefits to society other than jobs and profit (for example, supporting disadvantaged groups in society).
• CAN GROW FURTHUR – all large businesses were small once! By supporting today’s new firms the government may be helping some firms that grow to become very large and important in the future.