Kick‑offing a New Industrial Strategy: A Little Big Hope
Imagine the UK’s industrial policy getting a fresh coat of paint—bolder, brighter, and honestly easier on the small biz. That’s the vibe of the latest update, and if the Budget follows through with a small‑business‑friendly agenda, we might finally feel smug that the Government knows how to hit the growth target.
Why the Whole Supply Chain Matters
It’s not enough to draft a brilliant strategy and let it sit on a shelf. The plan has to speak the language of every supplier, especially when a big client’s priorities clash with a tiny firm’s survival. The punchline: pick policy levers that truly reach out and create a business platform that lifts the little guys.
Investment, Opportunity, International — Big Words!
Small businesses crave more than a policy document; they need real chances to grow, to pump investments in, and to hitch onto international trade. The consultation shows we’re moving past the “paperwork” stage and heading toward action. That’s good news! It signals a shift from bland policy to a partnership that actually nurtures.
New Rules Against Late Payments
Do you remember the nightmare of chasing for invoices that should have vanished months ago? Thousands of SMEs live that reality, choking the economy. The Govt’s move to stop late payments signals a serious bet on profitability and efficiency—what other sectors might learn from.
Good Numbers, Better Ongoing Support
- SMEs want to experiment with tech and up their game.
- But time, cash, and the fear of failure are stubborn bottlenecks.
- Will the new strategy provide a safety net—think R&D support and Easy‑to‑get Finance?
“The Govt’s goal: less sky‑high employment costs, an open market, and lower business rates that give SMEs a breathing space.”
Coming Up: The Budget
By the end of the month, Parliament will wield the Budget like a chef’s knife. We’re looking for a measure that locks in sustainable retail growth, keeps banks on their toes, and finally frees entrepreneurs from the rusted shackles of swops and rates.
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