cloudBuy plc Sponsors Launch of All Party Parliamentary Report

cloudBuy, the world’s leading transactional cloud platform, has announced it is sponsoring today’s launch of the All-Party Group for Micro Businesses latest report in the Houses of Parliament. Entitled An Education System Fit for an Entrepreneur, the report recognises the key role entrepreneurs play in the drive for growth, and looks at the effectiveness of the UK’s education system in supporting its entrepreneurs –from the age of 4 to 44 and beyond.

MP Anne Marie Morris says: ‘Entrepreneurs are a real strength of our British economy and the micro businesses they create are key drivers of growth. Over the last three years, 400,000 new businesses have been created and business start ups have become increasingly popular. There is a growing recognition that setting up your own business is a real opportunity and option for people. Small businesses add 48% to private sector turnover and comprise more than 99% by number of UK businesses.’

The report investigates for the first time best practice from primary school through to retirement with examples chosen from around the world and across the UK. It includes an examination of the cognitive psychology which underpins the entrepreneurial mindset, real case studies and up to date survey data.

Although the concept of enterprise education has been discussed since 1987, this is the first UK report which looks at the need for an overarching strategy across all government departments, not just BIS, DfE and Treasury to deliver the support needed for entrepreneurs to flourish.

Ronald Duncan Chairman of CloudBuy commented: "cloudBuy is delighted to support this initiative. Our aim is to make setting up and running a business as easy and possible and this report sets out how we can help encourage our entrepreneurs to build their businesses and buy and sell through cloudBuy."

ENDS

About CloudBuy

CloudBuy, formerly @UK, is the world’s leading transactional Cloud Platform with over 1 million users. The platform supports B2B eCommerce and eProcurement across a range of public and private sector organisations providing a secure, controlled transactional environment for B2B trading.