The British Chambers of Commerce (BCC) is calling on the government to prioritize business growth in its upcoming Comprehensive Spending Review. The BCC recommends increased investment in infrastructure, such as transport and energy projects, alongside long-term funding for AI adoption to boost productivity among SMEs. They highlight the necessity of expanding the Youth Guarantee to support young job seekers and suggest using more Apprenticeship Levy funds for education and training. Moreover, the BCC stresses the importance of investing in global digital trade to aid SMEs in export efforts and to attract overseas investors.
The decisions taken in Wednesday's spending review will impact the future shape of our economy for years. The BCC urges the government to support business growth.
The BCC emphasizes that Project Gigabit's success is crucial to eliminate broadband blackspots, ensuring AI's benefits are realized across all regions.
Businesses need long-term funding and practical support for AI adoption, as it can significantly enhance productivity and growth for SMEs.
Expanding the Youth Guarantee to include those aged 18-24 is vital to engaging more young people in education and job training.
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