The Real Estate Institute of Australia (REIA) say entrepreneurial spirit is being stifled because of difficulties in access to finance for small business. REIA President, Peter Bushby says, “According to the Australian Bureau of Statistics’ (ABS) publication examining barriers to innovation faced by Australian business in 2010-11, of businesses employing up to 4 people, 20.5% were lacking access to additional funds. Of businesses employing 5 to 19 persons, 22.8% reported a lack of access to additional funds as a barrier to innovation.”
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