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Help to buy scheme will help sign business

Although Birmingham-based Hollywood Monster’s Tim Andrews is not convinced the budget will help the sign and wide-format industries that much, he does indicate three factors of George Osborne’s speech as having a positive affect for his sign firm.

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Property boom: the housing market is closely related to many sign businesses

The first factor is perhaps not the most obvious to industry outsiders but it would come under the heading of “knock-on effects.” He sees the support for first time home buyers as having an influence on his particular business.

Andrews says: “I think the help to buy scheme extension to 2020 is great news. Our business is closely linked to the housing market. So we have witnessed a huge growth in new site start-ups for our clients, like Barratt Homes for example. The help to buy scheme has had a big influence on this upturn.”

Our industry employs young people. Under 21-year-olds have been taken out of their employers’ National Insurance Contributions. This saving will encourage youngsters to be employed

Another more obvious help for all industry is the area of fuel with the resident of 11 Downing Street and high-profile dieter freezing the planned September hike in fuel duty. The Hollywood Monster chief says his outfit spends a lot of cash on the forecourts of England and Wales. He says: “We travel around 20,000 business miles per month. The scrapping of the planned fuel duty rise will therefore be a big saving for our business.”

The fuel duty freeze is should free up a lot of cash tied up in overheads in the nation’s businesses and consumers. Some of those consumers are young people and Andrews is pleased about the axing of National Insurance Contributions for the under 21s.

The Midlander comments: “Our industry employs young people. Under 21-year-olds have been taken out of their employers’ National Insurance Contributions. This saving will encourage youngsters to be employed. Birmingham has one of the highest rates of youth unemployment, so I see this as an encouraging step to improve the prospects of the young generation.”

It is a sentiment echoed across the industry, for without new blood the signage and wide-format businesses may fail to thrive in the long term.

Do you agree with Tim, and will the budget help your business? Your views please to online_ed@signlink.co.uk


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