"UK SMEs say specific Government initiatives designed to help them survive and grow don't go far enough, according to new research from independent funder, Bibby Financial Services ("BFS"). The Q3 2025 SME Confidence Tracker, which surveys 1,000 UK SMEs, reveals that over half (52%) of small businesses believe measures such as the Fair Payment Code, Late Payments Review* and the British Business Bank's Bank Referral Scheme fail to protect and support them."
"Overall, more than six in ten (62%) business leaders say inflation and high costs are major challenges, including recent rises in National Insurance and the national minimum wage, which SMEs say are reducing the ability to invest in jobs and growth. Ahead of the Autumn Budget, the report highlights a clear set of priorities SMEs are demanding from Chancellor Rachel Reeves."
Over half of UK small businesses believe measures such as the Fair Payment Code, Late Payments Review* and the British Business Bank's Bank Referral Scheme fail to protect and support them. SMEs express optimism about their own prospects but identify inflation, high costs and economic uncertainty as major challenges. More than 62% of business leaders cite inflation and high costs, including recent rises in National Insurance and the national minimum wage, as reducing their capacity to invest in jobs and growth. SMEs prioritise low-interest loans, reduced business rates, reversal of recent NICs rises, new trade agreements and support to mitigate US tariffs.
Read at London Business News | Londonlovesbusiness.com
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