UK Export Finance says it backed more than GBP11 billion of financing last year. For SMEs, the key question is whether export finance, guarantees or insurance could unlock viable overseas orders.
New international research says the UK’s proposed commercial payment rules would be the most comprehensive of any major economy. Small suppliers should watch the enforcement detail and tighten invoice records now.
Emma Jones has marked one year as Small Business Commissioner with a continued focus on faster payments, digital tools and cash flow protection. UK SMEs should use the moment to tighten invoice and payment processes.
The CMA is consulting on rules that could let UK app developers steer customers towards payment options outside Apple and Google’s platforms.
A new 3,000 pound grant for employers hiring eligible young people launches on 30 June. Small firms should check the rules, cash-flow timing and training plan before applying.
A temporary VAT cut on family attractions and children’s meals has begun for the summer holidays. Small hospitality and leisure firms should check eligibility, systems, pricing and records before changing offers.
Nearly GBP900 million of Wylfa SMR contracts have now been awarded, with more than 70% going to UK-registered companies. SMEs should watch the supply-chain signals, but prepare carefully before chasing the work.
The government has announced £50 million for UK critical minerals projects. Manufacturing, recycling, engineering and importing SMEs should watch where the funding lands and review exposure to key materials.
HMRC and government departments have updated UK preferential tariff reference documents. SMEs that import from trade-agreement countries should check commodity codes, origin evidence and landed-cost assumptions before the next shipment.
The Bank of England has held Bank Rate at 3.75%, but energy price uncertainty means small businesses should still stress-test borrowing, cash flow and costs.