The UK Government has launched a new Small Business Plan that it hopes will unlock the full potential of the country’s 5.5 million small and medium-sized enterprises.
Called “Backing Your Business”, the plan sets out a multi-year strategy aimed at helping SMEs grow, boost productivity, and navigate a smoother path to success.
Here’s what it means for you:
Faster payments and less paperwork - New legislation is targeting late payments - the toughest crackdown in the G7 - and aims to reduce regulatory admin costs by 25%.
More funding at every stage - From Start-Up Loans to growth guarantees and export finance, new schemes are opening up clearer, fairer access to capital.
Support for the high street and hospitality - Expect permanent business rate relief, rental reforms, and simplified licensing - helping you thrive locally.
Future-proof skills and tech adoption - More support is coming for apprenticeships, leadership training, and adopting the latest digital tools.
Streamlined help when you need it - A new Business Growth Service is being rolled out to make it easier to find the right support, especially for under-represented founders and exporters.
Why it matters:
SMEs power over half of the UK’s private sector jobs. This plan is all about helping you do what you do best - grow, hire, innovate, and succeed.
Read our full breakdown of what’s changing and how your business can benefit!
Got questions?
Don't hesitate to letstalk@weareumi.co.uk or give us a call on 0330 124 7305. Our advisers are ready to discuss your business needs.
