Growing UK businesses don’t lack strategy, ambition or talent, but all too often, they’re not getting the finance they need to take their business to the next level. We want the UK to be the best place in the world to start and grow a business, and access to the right finance is critical to make that happen.
To make great decisions and get access to the funds needed to supercharge growth, businesses need the right information at their fingertips. That’s why we’re calling on the government to improve financial literacy amongst SME business leaders to unlock their full potential, through a financial skills strategy.
Launching a new finance skills strategy with tangible activities to drive financial literacy
The British Business bank must step up its efforts to make businesses aware of the funding available to them
Create a network of growth ambassadors, made up of entrepreneurs and business leaders that have been on the journey already
Misinformation, poor communication and a lack of awareness of the finance options available are preventing firms across the UK from scaling up, which isn’t just bad for business, it’s bad for people.
Medium sized businesses (MSBs) have a crucial role to play in boosting productivity given their importance to the UK economy. Punching far above their weight, firms with 50-499 employees are responsible for one in six jobs and generate nearly a quarter of private sector revenue.
Scale up businesses are the entrepreneurial heroes of the UK economy, and critical to solving the UK productivity puzzle. Smaller firms are agile, they innovate, they disrupt, they challenge the status quo ensure there’s healthy competition – which is great for customers as well as the wider economy.
"Small and medium sized businesses need financial services companies that can respond with agility and speed to address opportunities to support new and growth projects. Let’s work better together to be enterprise friendly."George Mackintosh, Founder and Director of Eggplant and Chair of the CBI SME Council
The UK is already a great place to start and grow a small business. We have the talent, the technology and the entrepreneurial culture that enables small businesses to succeed. But access to finance will help these young businesses to level up.
could be added to the economy by 2034 if the scale-gap is closed
jobs can be added to the UK economy by 2034 by closing the scale-up gap
The UK is third in the world for start-ups and thirteenth for successful scale-ups (OECD)
The CBI campaigns tirelessly on behalf of our members so that business creates prosperity for all. Learn more about the work we do and the impact we are making on this issue.
What the Patient Capital Review means for growing businesses
Autumn Budget 2017 in review
Entrepreneur’s Relief could supercharge expanding businesses
British Business Bank Finance Hub
Rollout of the British Business Bank UK network
SME banking disputes must be resolved to make way for growth
CBI influence secures grace period before HMRC penalties
Launch and improvements to the Coronavirus Business Interruption Loan Scheme (CBILS)
Secured financial support for the ‘stranded middle’
Launch of Bounce Back Loan Scheme (BBLS)
Changes to EU State Aid Framework help more businesses benefit from coronavirus loan schemes
The CBI launches its Invest for Growth campaign to increase UK R&D spend to 3%, with its Now is the Time to Innovate – Road to 3% report
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Make a difference
This campaign is led by the CBI's Financial Services team.
Contact Chris Wilford, Head of Financial Services Policy to find out about the change UK business urgently needs and how you can support it.