U1 P4 Chelsie M Local Government Grant A grant is an amount of money that is awarded to your business from the government that you do not have to pay back. It's awarded to your business to help your business grow. Bexley council provide grants to businesses so they can start up their business CCTV CCTV is to keep track of what is happening at the premises where they are installed. By monitoring the activity of workers and visitors at your business' site. There is CCTV because if someone robs a shop not that many people will go to that shop because they don’t feel safe and when there is CCTV people will know that the shops are keeping an eye on what people are doing outside the shop. Cleaning Cleaning lets you to make you comfortable into your new business, so it takes the pressure off you finding a long list of customers right away to keep your employees busy. They also put bins around the area because if there is litter around the shops people won’t go to those shop UK Government Employment Employment is when there is a connection between two parties, that are based on a contract where workers get paid for if there wasn’t employment no one will be able to get food or things they want. The national government encourage employment for business because they provide work for people in that country Education/training Education is the procedure of enabling learning, or the achievement of knowledge, skills, values, beliefs, and habits. Educational methods include teaching, training, storytelling, discussion and directed research. If schools went real then people wouldn’t be able to work they also provide courses for training people that need to be trained to work for that business. training allows you to support the skills that each employee needs to improve so they can get better at them Law and regulation Laws for businesses are laws that help a person to form a business and how to run the business properly Regulations are compulsory usually by a regulatory agency that are formed to carry out the purpose or supplies of a legislation. There are different laws that are Data protection, GDPR, Employment law and advertisement law Page 1 of 2 U1 P4 Chelsie M Economic growth Economic growth is the growth in the inflation that is adjusted for market value of the goods and services produced by an economy over a period of time. . Inflation helps business by making rates low so they can make profits and people buy your products but if the rates are high people won’t buy you products and you won’t make any profit. The government give you a grant to help you set up your business so you find a local area that you can put your business and get equipment for your business. Balance of payment A balance payment is when you pay for something in full and the business will get a transaction if you pay with a debit card this helps the business to keep track on how much money they will have. Loans Business loans are loans that are used for business purpose only this involves when you create a debt for your business, and you have to pay the loan back that has interest on . Page 2 of 2
