Small and medium-sized enterprise policy: Designed to fail?

Significant doubts persist over the effectiveness of government policy to increase the numbers or performance of small- and medium-sized enterprises in the UK economy. We analyse UK political manifestoes from 1964 to 2015 to examine the development of small and medium-sized enterprise policy in political discourse. We do this by analysing how the broadly defined category of 'small- and medium-sized enterprise' has been characterised in the manifestoes and assess these characterisations in relation to the empirical evidence base. We highlight three consistent themes in UK political manifestoes during 1964-2015 where small- and medium-sized enterprises have been characterised as having the potential for growth, struggling to access finance and being over-burdened by regulation. We argue that homogenising the broad range of businesses represented by the small- and medium-sized enterprise category and characterising them in these terms misrepresents them, undermining policies developed in relation to this mischaracterisation.