The UK government has reaffirmed its commitment to all the UK’s 5.5 million small businesses, with the creation of a new Small Business Council due to launch in March, which will bring together SME leaders from across the country.
The council builds on the Department for Business and Trade’s existing support for SMEs and will provide a bespoke forum for small businesses to have their voices represented within government.
Almost every business in the country is a small business (99.9%) who in turn support 27 million jobs across the UK, accounting for £4.5 trillion of annual turnover – which is why the government is making 2024 the year of the SME.
In addition to the formation of the council, the Help to Grow campaign and website has also been refreshed to create a one-stop-shop for SMEs to find the information they need to grow and scale-up.