Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Jonathan Reynolds appointed as new business minister amid calls for SME support

by July 5, 2024
July 5, 2024
Jonathan Reynolds appointed as new business minister amid calls for SME support

Jonathan Reynolds has been named the UK’s new Business Minister following Labour’s victory in the General Election. With the Labour Party’s ambitious pre-election promises to support small businesses, all eyes are now on Reynolds to deliver on these commitments and drive economic growth.

This appointment comes amid growing anticipation and expectations from various business groups, particularly the National Enterprise Network (NEN), which represents micro and small businesses across the country.

Prior to the election, Labour had laid out an ambitious plan to back small businesses, recognising them as “not just the lifeblood of our communities but essential to our economic success.” Now, as Keir Starmer unveils his new cabinet, the NEN is urging Reynolds to expedite the implementation of this small business agenda to stimulate national growth.

The NEN recently published its Policy Report, *Harnessing the Economic Potential of Our Small and Micro Businesses*, outlining key steps for the new government. These steps focus on finance, education, social value, and levelling the playing field for minoritised communities. The report’s recommendations include making the UK the best place to start and scale-up businesses by improving access to finance, boosting small business exports through a comprehensive trade strategy, addressing late payment issues, opening public contracts to small businesses, and creating Skills England to tackle skill shortages.

Alex Till, Chair of the NEN, highlighted the critical role of small businesses in the UK economy: “It is clear that over the last decade, entrepreneurs, start-ups, and micro businesses have largely been overlooked with no direct strategy in place from the government. The UK’s micro, small, and medium-sized enterprises account for 50% of the country’s GDP, 50% of its growth, 75% of its innovation, and a third of its jobs.”

Till emphasised the need for the new government to harness the potential of the SME economy not just for national growth but also for local community regeneration, delivering the necessary skills, jobs, investment, and social cohesion.

The NEN’s policy report, based on research from its network of Enterprise Support Organisations, provides a roadmap for addressing skills gaps and the needs of emerging and existing businesses through training, learning opportunities, one-on-one advice, and mentoring.

As Jonathan Reynolds takes on his new role, the business community will be watching closely to see how he addresses these pressing issues and delivers on the promises made by his party.

Read more:
Jonathan Reynolds appointed as new business minister amid calls for SME support

0
FacebookTwitterGoogle +Pinterest
previous post
Why It Is So Hard to Become an Acupuncturist in California
next post
Friday Feature: A One-Room Schoolhouse

You may also like

UK firms are cutting ties with China amid...

July 31, 2022

Finalists for The Growth Business of the Year...

February 16, 2023

Hunt confirms cut to ‘unsustainably expensive’ business energy...

January 5, 2023

Over 800,000 businesses created in the UK this...

September 26, 2022

The Apprentice’s Jana Denzel quits series amid racism...

February 28, 2025

£100m Super League Golf Revolution: Billionaire Founder Taps...

July 2, 2025

Australian property giant backed by Rupert Murdoch’s News...

September 2, 2024

British Business Bank reports £122m loss amid market...

August 8, 2024

UK and India can ‘work through’ trade deal...

September 10, 2023

Is It Legal To Invest SSAS Pension in...

January 16, 2025

UK firms are cutting ties with China amid...

July 31, 2022

Finalists for The Growth Business of the Year...

February 16, 2023

Hunt confirms cut to ‘unsustainably expensive’ business energy...

January 5, 2023

Over 800,000 businesses created in the UK this...

September 26, 2022

The Apprentice’s Jana Denzel quits series amid racism...

February 28, 2025

£100m Super League Golf Revolution: Billionaire Founder Taps...

July 2, 2025

Australian property giant backed by Rupert Murdoch’s News...

September 2, 2024

British Business Bank reports £122m loss amid market...

August 8, 2024

UK and India can ‘work through’ trade deal...

September 10, 2023

Is It Legal To Invest SSAS Pension in...

January 16, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Democrats project doom and gloom, not celebration, with July 4 messages

      July 5, 2025
    • Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing

      July 5, 2025
    • Tesla sees UK sales rebound in June as EV market accelerates

      July 5, 2025
    • Hived raises $42m to roll out electric delivery fleet across southern England

      July 5, 2025
    • Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher

      July 5, 2025
    • “A turning point for education”: James Caan launches bold education reform plan in House of Lords

      July 5, 2025

    Categories

    • Business (8,397)
    • Investing (2,102)
    • Politics (15,947)
    • Stocks (3,190)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved