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The Small Business Council, set to launch next month, will serve as a dedicated platform bringing together SME leaders from across the nation. This council is evidence of the government’s recognition of the importance of small businesses, which collectively account for 99.9% of all businesses in the UK, supporting 27 million jobs and contributing £4.5 trillion to the annual turnover.
As part of the Help to Grow initiative, the government has introduced the Help to Grow: Management scheme, a 12-week programme designed to enhance SME leadership and management skills. With 90% government subsidisation, the scheme is expected to support up to 30,000 businesses over its lifetime.
The government’s commitment to backing British businesses is further evident in its efforts to tackle late payments, a persistent issue for SMEs. The Prompt Payment and Cash Flow Review, launched in 2023, exemplifies the government’s determination to make the UK the best place in the world to do business. In addition to financial support, the government is addressing other critical issues affecting small businesses. The business rates package, worth £4.3 billion over the next five years, aims to support high streets, while measures such as the extension of the Retail, Hospitality, and Leisure Relief and the freezing of the small business multiplier reflect the government’s dedication to aiding independent businesses.
This Help to Grow campaign and the Small Business Council represent positive steps to address the challenges faced by SMEs in the UK. Find out more about the Help to Grow Campaign here.
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