LCCI Response to Government’s Small Business Plan Announcement

Thursday 31 July 2025

The Government’s Small Business Plan marks a significant step in recognising and tackling some of the longstanding challenges faced by small businesses. Despite their huge contribution to the economy and communities, small businesses have been held back by late payments, access to finance, and stronger business support.

The proposals to crack down on late payments, which hamper small business sustainability and growth, are particularly welcome. We support the commitment to consultation to ensure the approach is fair, proportionate, and effective.

The plan’s focus on export growth, digital adoption, and innovation which are all key drivers of productivity and competitiveness is encouraging. The online Business Support service has the potential to be a vital hub for SMEs especially if the tap into the strength of business networks.

However, hands-on support and long-term certainty including on business rates, increased cost pressures, and tax stability will be needed to help micro firms take full advantage of these opportunities.

We look forward to engaging with government and stakeholders as these proposals are developed and delivered.

ENDS