The Business Senate for Enterprise

Advocacy

Since its formation in 1999, the Genesis Initiative has campaigned for one objective – namely to act as an ‘umbrella’ organisation harnessing the collective strength of the trade associations, institutions and other groupings representing the SME sector.

Thus far, Genesis has committed support through membership of its Senate from over 100 organisations which collectively represent nearly 25% of the SME sector.

The Genesis board of directors includes both senior industry figures and influential politicians of all political parties, and it works with both Government and opposition ‘teams’ to encourage the adoption of policies allowing the SME sector to flourish, to the benefit of the UK economy.

Genesis Manifesto

As part of this role, at the time of forthcoming General Elections to the House of Commons, Genesis draws together and publishes its manifesto of SME sector-friendly policies, and these recommendations are available for all political parties to adopt in their own election manifestos.

In anticipation of the 2015 General Election, the most recent Genesis Manifesto was successfully launched on 18th November 2014 in the House of Lords, and a copy is being sent to all MPs and other relevant policy-makers. Genesis is very proud of this contribution to policy relating to SMEs, and policy-makers in and out of government will be asked to act on our recommendations.

Bank of England Monetary Policy Committee

For some time now, representatives from the trade association members of the Genesis Senate have met twice a year with representatives of the Greater London Agency of the Bank of England to discuss economic and business conditions affecting the SME sector.

These meetings form part of the overall information gathering the Bank undertakes on behalf of the Monetary Policy Committee to inform its quarterly decisions on setting interest rates.

Other Initiatives

Once each Parliamentary session, Genesis organises a breakfast in the House of Commons for the benefit of Senate Members. The guest speakers are usually drawn from senior Members of the Government Front Bench or Opposition Benches responsible for the SME Sector.

These breakfasts are normally followed by a meeting of the Genesis Senate, which allows trade bodies to bring forward issues related to Government policy that are causing problems for their members, or to feed back to other members on policy initiatives of which they may not be aware.

Senate meetings also provide the opportunity for external agencies and others to make presentations or present research papers which may of interest and benefit to Senate members and their own memberships.

From time to time, Genesis will also hold conferences on ‘hot topics’ relevant to the SME sector. A recent example has been a conference on alternatives methods of raising finance.

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