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The UK's SME sector is a powerhouse, home to over 5 million businesses and making up more than 99% of the nation's business population. It's a dynamic space brimming with potential. For many of these small and medium-sized enterprises, the natural next step in their journey is to scale-up.
Obtaining extra funding can be a lifeline for businesses and their projects. However, finding and applying for grants can be a challenging process to navigate. DSA Prospect Director, Nigel Benton discusses the government's online funding tool and how it can simplify the grant application process for businesses.
On 20 July 2022 Business Secretary Kwasi Kwarteng announced that the Recovery Loan Scheme (RLS) will be extended for a further two years offering small businesses crucial support, while also accelerating economic growth in the UK.
Along with the start of the 2022/2023 tax year, 6 April brought a new increase to National Insurance contributions (NICs) known as the Health and Social Care Levy.
Businesses across the UK are feeling the effects of inflation and doing their best to navigate through these financially challenging times. Amidst the number crunching and budgeting, there are key government support measures available to help small and medium sized businesses.
The Chancellor of the Exchequer faced two major challenges in the 2022 Spring Statement; to ensure a more secure UK economy and reduce public debt, while simultaneously helping to alleviate the pressures of inflation.
As an entrepreneur starting a business, or even planning a scale-up, a business plan is a very important part of the process. This strategic tool helps define your short and long-term goals while providing a blueprint for your next steps.
DSA Prospect Director, Gary McHale and his team act as lead advisor to e2e-assure on the £10.5m investment by BGF.