Critical call on the Government to enact measures to support SMEs in doing business with large UK firms

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Critical call on the Government to enact measures to support SMEs in doing business with large UK firms

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We need the Government to enact measures to support small UK businesses in their dealings with large UK firms. Innovation is the lifeblood of the economy and supporting small businesses will underpin Britain’s future economic prosperity. We call on the Government to:
1. Introduce a tiered system of enforceable payment terms starting with a maximum of 30 days for start-ups to safeguard liquidity.
2. Support small British firms in their efforts to connect and trade with buyers and supply chain managers at large businesses.
3. Encourage large retailers to showcase new and innovative 'Made in the UK' products in-store.
4. Create or support a series of 'Meet the UK Innovators' trade events aimed at UK private and public sector buyers.
5. Develop a Government-led steering group with public and private sector representation to help commercialise UK small business innovation.
6. Create a permanent group within the Government to implement further small business-friendly strategies.

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