SMALL businesses all work together to help to build our local economy.
And that’s exactly why they should be recognised at The News Business Excellence Awards, according to its latest sponsor.
We need to support these ideas and the growth of smaller businessesDavid Smith, University of Portsmouth
The Business School at the University of Portsmouth is sponsoring the Small Business of the Year category.
David Smith is the associate dean for enterprise and innovation at the school.
He said the business awards are important for the economy.
‘It’s good for the individual business to be recognised but it sets an example for others about what successful businesses have achieved,’ he said.
‘It gives them a real platform to move forward.
‘It recognises their success in a positive way which is useful for promoting their business. It’s also useful for the recognition that the business and the staff receive through the award.’
Mr Smith said businesses play an important role across the country.
‘They are essential to the local economy,’ he said.
‘A large proportion of the local economy is made up of smaller businesses.
‘That’s where everyone from the government down expects the vast majority of future growth to be generated.
‘It’s where the new ideas in the economy come from.
‘We need to support these ideas and the growth of smaller businesses.’
Mr Smith added that small businesses are important for students when they are studying.
‘In the university and in particular in the business school, part of our strategy with regard to smaller businesses is to increase our innovative projects that support the economic development of the city and the region,’ he said.
‘It’s also to provide opportunities for our students to develop their enterprise and employability skills and to do that through engagement with small businesses.
‘We’re looking to continue and develop that further and make it a real integral part of their studies.’
There are 16 categories, covering all types of businesses including Innovation of the Year, Employer of the Year and Team of the Year, as well as the Overall Business of the Year award.
The awards are being sponsored by BAE Systems.
All nominees will be invited to a ceremony at Portsmouth Guildhall on Friday, February 12, 2016.