SMALL BUSINESS STRATEGY PUBLISHED
- Feb 12
- 1 min read
Small businesses across Hodge Hill and Solihull North, across the country, are facing pandemic-level pressures but without the emergency support.
The Business and Trade Committee report published today exposes:
£112bn owed in unpaid invoices
38 stores closing on high streets every day
Energy costs nearly doubled since 2021
Crime adding 10p to every shop transaction.
Local cafés need to sell hundreds more items monthly just to survive. Hair salons face £25,000 extra costs. High streets don't die by accident.
Small businesses are 99.9% of our economy. They need action on late payment, business rates, energy costs and crime.
Our local businesses deserve better. Our report demands action.
This was a really informative and relevant read I appreciated how the post highlights the publication of the Small Business Strategy in a way that connects national policy with the real, everyday challenges faced by small businesses, because it shows that these discussions aren’t just happening at a high level but are meant to have practical impact on communities and local economies. The strategy itself focuses on helping small and medium-sized enterprises grow, improve productivity and operate in a more supportive environment, with measures like tackling late payments, improving access to finance and supporting skills development . I also liked how the post reflects the importance of SMEs, which make up the vast majority of UK businesses and play a majo…