"The National Enterprise Network (NEN) has urged Chancellor Rachel Reeves to use this month's Autumn Statement to deliver a new wave of support for Britain's micro and small businesses (MSBs) - which it says are "the foundation of the UK economy" but increasingly constrained by rising costs and patchy access to finance. Representing a nationwide network of local enterprise agencies and business support organisations that together cover 98% of the UK, the NEN is pressing the Treasury to take "decisive action""
"NEN is calling for a Small Business Growth Allowance to encourage firms to reinvest profits in digital adoption, upskilling and capital investment, alongside expanded Local Enterprise Grants for rural and underserved areas. It also proposes a Business Resilience Fund to help firms manage energy and climate-related pressures, and a simplification of access to existing government loans, grants and training schemes. The network is urging the Treasury to extend Business Rates Relief for the smallest firms in high-cost areas."
National Enterprise Network urges Treasury to deliver targeted Autumn Statement measures to support Britain's 5.45 million micro and small businesses facing rising costs and limited finance access. The network prioritises growth and investment, access to finance, skills and support infrastructure, and the net zero transition. Proposed measures include a Small Business Growth Allowance to incentivise reinvestment in digital adoption, upskilling and capital; expanded Local Enterprise Grants for rural and underserved areas; a Business Resilience Fund for energy and climate pressures; simplification of access to loans, grants and training; and extended Business Rates Relief for the smallest firms in high-cost areas. Shared workspaces are highlighted as a particular focus.
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