British Business Bank, Royal Mail, and Corporate Traveller are championing UK small businesses 5.7 million SMEs deserve attention, help and recognition
Small Business Advice Week is back for its fifteenth year of educating and empowering UK small businesses.
With more SMEs and start-ups being founded each year, it’s never been more important to give top advice to those businesses and recognise how vital they are to the UK economy. SMEs employ 16 million people, and are responsible for 51% of private sector turnover.[i]
Small Business Advice Week 2018 is highlighting the following major themes: helping entrepreneurs start strong, grow and expand beyond the UK, and have the best possible options for travel to help them take their business worldwide.
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We’ve partnered with British Business Bank to celebrate ambition in smaller businesses, and to encourage them to explore ‘what’s really possible’. To help British businesses further during Small Business Advice Week, former Dragons’ Den investor, and member of the British Business Bank’s Board, Piers Linney will give some of his time to support and advise smaller businesses to scale-up. British Business Bank’s Information Hub – a new interactive website that offers independent information on finance options for scale-up, high growth and potential high growth businesses – is the place to enter the competition to win a half day meeting with Piers to help with business strategy and planning, provide insight, and give you an edge over your competitors.
Piers Linney, Non-Executive Director at British Business Bank said: “Getting investment for your business does not have to be as scary as going into the Dragons’ Den. There are plenty of ways to get finance and access support – the challenge is knowing where to look, making the time to find out about them and getting investor ready. That’s where I hope I can be helpful; with practical support and advice on some quick wins to grow your business.”
Keith Morgan, CEO of British Business Bank said: “For many bright and brilliant businesses across the UK the financial landscape can be complex, daunting and misunderstood, meaning they miss out on the finance they need to fulfil their growth ambitions. We want to celebrate ambition in smaller businesses and encourage them to explore what’s really possible by increasing awareness and understanding of their finance options.
The British Business Bank’s Finance Hub is a website that provides independent and impartial information about the finance options available to smaller businesses. It also has an easy to use tool that helps small, high-growth businesses understand their finance choices and, through clear practical tips, puts them in the best position to access the information they need to help accelerate their growth.”
Royal Mail is highlighting the importance of exporting, reaching into untapped markets and securing new trade relationships to bolster the economy and boost business growth. According to new research commissioned by Royal Mail, 8% of UK SME decision makers do want to export but don’t know how. It’s clear there is a growing need for discussion and advice on how best to navigate beyond our borders.
A spokesperson for Royal Mail said: “SMEs form the backbone of the UK economy and it has never been more important to support their continued growth. As the delivery partner of choice for the UK’s micro, small and medium-sized businesses, Royal Mail is proud to provide SMEs up and down the nation with the support they need to succeed.”
Once a business has grown beyond the UK, maintaining strong links is crucial. Corporate Traveller will be looking at how business travel will change post-Brexit, and how SMEs can stay ahead. It’s estimated that travel costs will rise around 30%[ii], but new research shows that 45% of business owners believe more growth would be possible if they travelled more, so they’ll need support to make the right decisions.
Andy Hegley, General Manager of Corporate Traveller said:
“With travel set to change for businesses across the UK, Small Business Advice Week is the perfect time to re-evaluate travel budgets for upcoming businesses trips, while also ensuring that those same businesses take into account the wellbeing of their employees.”
Adam Cox, Founder of Small Business Advice Week says:
“We’re delighted to have such high profile partners for the 15th year of Small Business Advice Week. Small business owners have a lot on their plate at the moment and are often lacking the resources available to larger and more established businesses. This week will connect experts and advice with those business owners that can utilise that advice to level the playing field, save money and grow their businesses”.
Small Business Advice Week is in its fifteenth year, running from September 3rd to the 9th, and is continuing its aim of empowering UK small businesses to grow and drive the economy forward.