Chamber response: Government launches Small Business Plan

“Small and medium-sized businesses not only employ over one million people in the North East, but they are a powerful engine for regional growth. So it is encouraging to see the government recognise this with a plan aiming to tackle some of their key challenges.

“Access to finance and red tape have long been issues raised by our members. The expansion of the British Business Bank’s lending guarantee scheme and a new wave of Start-Up Loans are positive steps, particularly for businesses in the early stages of growth.

“We note the open consultation on tackling late payments. We know this can cripple a small business, so proposals that strengthen enforcement and improve transparency could make a real difference. The Chamber will be feeding into this consultation to ensure the voice of North East businesses is heard.

“The plan also includes practical support for key sectors, from simplifying licensing for hospitality and the arts to reviving High Street premises and reducing business rates pressures. Strengthened export support through a refreshed Board of Trade reflects the ambition needed to help more North East businesses grow internationally. Supporting smaller businesses to build leadership skills, adopt new technologies, and access apprenticeships is also a positive step.

“The launch of the new Business Growth Service, accessed through www.business.gov.uk, is a practical move to simplify what is too often a fragmented support landscape. Giving businesses a single, clear route to relevant local and national support, based on their postcode and needs, should make it easier to find the help that is right for them.

“Additional steps to simplify procurement processes and help smaller firms unlock the value of innovation and intellectual property are also encouraging.

“However, the real test will be implementation. Measures in the plan must be backed by meaningful enforcement, clear communication and strong uptake. In a difficult trading environment, small businesses need action that delivers tangible results.

“Small businesses are vital to the health of the North East economy. We encourage businesses across the North East to explore the Business Growth Service and to speak to the Chamber about how we can support them. If delivered well, the Small Business Plan has the potential to unlock growth, build resilience and support a stronger and fairer North East economy.”