The Business Senate for Enterprise

Advocacy

Since its formation in 1999, the Genesis Initiative has worked 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 115 organisations which collectively represent nearly 25% of the SME sector.

The Genesis board of directors and Senate  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. The editorial process for the Manifesto draws together leadership and ideas from across the wide range of Genesis Senate members to set out a comprehensive policy agenda for the SME sector in the UK.

In anticipation of the 2015 General Election, the most recent Genesis Manifesto was launched in late 2014. After the surprise 2017 election, a new Manifesto process will begin in 2018, while at the same time government will be pressed to deliver on the 2014 Manifesto agenda.

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

Three times 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 and seminars 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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