Chancellor Gordon Brown's measures to slash red tape for small businesses have been welcomed by one local business group.

Pat Smith, Chief Executive of Business Link for Essex, which provides affordable, unbiased advice to small and medium sized companies in Essex said: "We are satisfied with today's budget, that although not financially ground breaking, will assist small and medium sized enterprises in Essex.

"The Chancellor has listened to the concerns of small businesses, especially their call for a reduction in the volume of red tape. The proposed review of some 500 regulations will lighten the administrative burden placed on small business throughout the county."

The organisation also welcomed the Chancellor's support for small business creation in areas of deprivation in Essex. Businesses in these areas will benefit from fast track planning approvals, a cut in the cost of property purchases, the abolition of stamp duty, Community investment Tax Relief and access to the Phoenix Fund.

"The Chancellor has also demonstrated a continuing commitment to increase skills and personal development. Essex was delighted to be chosen as one of the areas for the Employer Training Pilot, know in Essex as Profit from Learning, a scheme designed to increase the basic skill levels. Profit from Learning has proved extremely popular and successful and we are delighted that on the back of this success, the Chancellor will be widening the scheme.

"We were encouraged by the Chancellor's proposals regarding a consultation for extending research and development capital allowances beyond their current parameters. The county has a high number of entrepreneurs and investors and today's announcement will help increase inward investment throughout Essex."

Business Link for Essex has approximately 40 advisers who guide companies through procedures such as writing a business plan, managing customers and accessing foreign markets effectively.

Published Wednesday April 9, 2003