Category: supportBusiness

UK Finance launches campaign to help SMEs prepare for change in 2019

UK Finance is today (Monday 25 February) launching a national campaign encouraging small and medium-sized enterprises (SMEs) to prepare for the potential changes and opportunities brought about by the UK’s departure from the EU. The “Let’s Talk Business” campaign, supported by leading business organisations including the Federation of Small Businesses (FSB), British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), calls on those firms who have not yet done so to consider the implications for their business.

The campaign emphasises that banks retain the capacity and commitment to support SMEs, encouraging businesses across the UK to speak to their finance provider early to discuss any potential funding requirements. Even those businesses which don’t export or import directly should consider how they could be impacted, for example if their customers and suppliers are affected by changes to current trading arrangements. The campaign also encourages businesses to consider how to maximise growth and capitalise on the opportunities ahead.

An online guide is being launched to provide a “one stop shop” to help SMEs prepare, featuring extensive guidance, contact points and details of the various support schemes and resources available. This guidance will be updated on an ongoing basis and promoted to SMEs across the country by UK Finance and the business groups involved, as well as through a regional roadshow over the coming months. UK Finance and the business groups will also meet regularly to discuss how best to provide ongoing support and guidance to SMEs.

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