The Forum of Private Business (FPB) has called for more support for entrepeneurs and a cutting of red tape in its New Year's message.
The small business lobby group spent a great deal of last year making the call for a reduction in legislation restricting SMEs and for more support for those looking to grow their businesses.
In a view of the year ahead the same issues, including credit and late payments, were highlighted by FPB chief executive Phil Orford as ones that still needed to be tackled by the government.
"With 2012 expected to be another difficult year one thing is certain - entrepreneurs will continue to show courage and creativity in the face of adversity. Of course, they will also need enterprise policies that free them to grow and create jobs," he said.
"The continuing scarcity of affordable credit, rising late payments, mounting business costs and turmoil in the eurozone, in addition to the perennial problems of tax and red tape, are sapping both cash flow and confidence," he added.
In his New Year's message the Prime Minister David Cameron said that he was determined to improve the economy and understood the pressures that workers faced.
But with the Eurozone continuing to show weakness and concerns that the coalition led cuts are hurting the Labour party responded by calling for more flexibility from the government.