#News&Insights

Read our latest Trade Update

In this week's Trade Update:
Government Small Business Plan explained
£14.5 billion export finance supports 70,000 jobs
Free networking events in August

Government Small Business Plan explained

The government believes that boosting SME growth even by 1 percent annually could deliver £320 billion to the UK economy by 2030. With this in mind, the Small Business Plan has been launched, outlining measures to tackle late payments, unlock access to finance and support, and raise the threshold for employer national insurance payments. The article below offers a summary of the key actions outlined so far.

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£14.5 billion export finance supports 70,000 jobs

Over the past year, UK Export Finance (UKEF) has provided £14.5 billion in loans, guarantees, and insurance, supporting thousands of jobs in key sectors such as clean energy and manufacturing. As a result, in 2024 UKEF helped 667 UK businesses break into international markets, 496 of which were SMEs, contributing up to £5.4 billion to the economy. Marco Forgione, Director General at Chartered Institute of Export & International Trade, said: “Finance is often the missing piece in the jigsaw when looking to new markets. Access to the right tools at the right time can turn local ambition into international growth.” 

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Free networking events in August

While holiday season for some, August remains a great time to enhance your visibility and expand your network. Whether you’re looking to build connections or gain inspiration, the link below lists over 60 free events happing across the UK in August.

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