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Will Help to Grow be successful in enabling SMEs?

Will Help to Grow be successful in enabling SMEs?

The Government has recently announced the steps they will take to refresh the Help to Grow campaign, which it says will reassert their ongoing commitment to make the UK the best place to start and grow a small business.

This package includes the introduction of a new ‘Small Business Council’ to be launched as early as next month.

The Government has said the Council will build on the Department of Business and Trade’s (DBT) existing support for SMEs and provide a bespoke forum for small businesses to be represented within Government. The refreshed Help to Grow campaign will also see a new one-stop shop collating information on funding schemes, support, guidance on how to set up a business, and other resources all in one place for SMEs to help them grow.

A 12-week intensive management course that is 90% subsidised by the Government will also be on offer to improve SME leadership and management skills.

The National Federation of Builders (NFB) supports this announcement and after advocating for SMEs for several years, appreciates the recognition of the importance of SMEs to the economy.

Richard Beresford, Chief Executive of the NFB, said: “This announcement is good news; however, it will be vital for the council to understand the needs of specific industries, as well as promoting existing regulations that already support them. SMEs within the construction industry train 7 in 10 apprentices and makes up 90% of training capacity, so their health is front and centre to the construction industry, delivering 9% of the UK’s GDP and employing 2.7 million people.”

Rico Wojtulewicz, NFB’s Head of Policy and Market Insight, added: “The Small Business Council must identify and tackle the specific policy barriers to support and enable small businesses. In planning, as one of many examples we can offer, design codes will bring much needed certainty, but disjointed decarbonisation and environment policy will remove those gains and add new costs and complexities, which will disproportionately harm SMEs the most.”

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BDC 314 : Mar 2024