Chancellor backs small businesses to thrive and grow

  • Rishi Sunak hosts SME roundtable with Exchequer Secretary, visits small businesses and launches Google's nationwide skills training tour.

  • Government support on offer highlighted in letter to thousands of SMEs including cuts to employment taxes and business rates alongside support for them to thrive and grow.

The Chancellor hailed small businesses as the "heart of our economy" today as he set out how the Government is backing firms to train and invest, helping the economy to recover and grow, and support jobs during a whistle-stop tour of Suffolk.

Rishi Sunak hosted a roundtable - at Suffolk Food Hall - with local SMEs that had benefited from the Help to Grow: Management programme to discuss how the government scheme has supported them.

He was joined by Exchequer Secretary Helen Whately and visited local businesses including a bakery, gardening and gift shop, before launching the Google Digital Garage nationwide skills training tour at an event hosted at Ipswich Town Football Club.

This consisted of a day of workshops and mentoring to support SMEs to learn new digital skills to grow their businesses and improve productivity. Levi Roots, the entrepreneur behind Reggae Reggae sauce, also attended to share advice with local businesses.

The government has today written to thousands of small and medium sized businesses (SMEs) outlining government help available to them including cuts to employment taxes and business rates alongside support for them to thrive and grow.

Following the visits, Chancellor of the Exchequer Rishi Sunak said:

Small businesses are the heart of our economy - creating jobs and prosperity across the UK. It's been inspiring to meet so many of them in Suffolk today.

I want them to know we will always stand behind them which is why we have written to thousands of businesses across the country to highlight government support on offer to support them in the uncertain months ahead.

From cuts to employment taxes and business rates, to incentivising firms to train and invest more, we want to create the conditions for our SMEs to thrive, helping the economy to recover and grow, and support jobs.

Managing Director for Google UK and Ireland, Ronan Harris, said:

The UK's growing digital economy has created opportunities for record numbers of British businesses to thrive, and we're committed to helping them make the most of that opportunity as they adapt to a hybrid world.

That's why we're launching the next phase of our in-person digital skills training and offering Google Career Certificates scholarships to help small businesses to develop the high impact tech skills needed to maximise their earning potential and level up.

Whilst in Ipswich, the Chancellor and Exchequer Secretary also visited some small independent businesses in the town centre. This included a gift shop, coffee shop and Ukrainian-owned affordable womenswear shop, whose owner is helping the war effort.

The Chancellor announced a series of measures in the Spring Statement to help businesses boost investment, innovation, and growth - including a £1,000 increase to Employment Allowance to benefit around half a million smaller firms.

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