‘Help to Grow’ campaign and small business council to aid SMEs

Feb 6, 2024

The Government has committed to supporting 5.5 million small businesses by updating its Help to Grow campaign and introducing a new Small Business Council next month.

Building upon existing initiatives, the council will create a platform for SME leaders nationwide to actively engage with the Government.

With small businesses constituting 99.9% of all UK enterprises, employing 27m people, and generating £4.5 trillion in annual turnover, the Government designates 2024 as "the year of the SME".

The Help to Grow campaign and website have been updated to serve as a comprehensive resource hub for SMEs, offering insights into funding, webinars, and business setup guidance.

A notable addition is the Help to Grow management scheme, a 12-week intensive program enhancing SME leadership skills. This initiative, which is 90% subsidised by the Government, has already been utilised by nearly 8,000 businesses, aiming to support up to 30,000 throughout its duration.
Business and Trade Secretary Kemi Badenoch said:

"Small businesses are the lifeblood of our local communities and drive the UK's economy, supporting jobs and wages across the country.

"This new council will mean SMEs have a clear voice at the table and we can deliver on the key needs for business."

The Prime Minister will also host a Downing Street panel featuring small business leaders. The event will include discussions on initiating and scaling successful businesses in the UK, emphasising the importance of talent, technology, and available support.

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