Ruth Roan, manager at the South MIdlands Growth Hub.
Published in association with
IN LIGHT of the recent budget announcements relating to SMEs, now more than ever businesses need to know where to go to understand some of these changes and ensure they are not only compliant but in the most efficient way for your business.
That is where your Growth Hub can help. Most readers of this magazine will be able to access fully funded support from us at the South Midlands Growth Hub as long as you have a business in Northamptonshire, Milton Keynes or Bedfordshire.
Our support can look very different for every business, depending on the challenges you are facing and your growth aspirations. Alongside our free events programme and our library of free resources, all SMEs in the region can utilise our business adviser team for one-to-one support for as long as required.
You will have the opportunity to undertake a deep dive diagnostic with our advisers, produce an action plan to implement and have regular review sessions to monitor progress and overcome any obstacles.
Some challenges can be quite niche and require specific advice from industry experts. That is where our network of partners comes in. We have worked hard to develop relationships with more than 70 key partners and stakeholders in the region so we can access the most appropriate guidance for you.
There were some big changes announced in recent weeks by the Chancellor which will have an impact on the majority of businesses in the South Midlands. The Growth Hub is proud to have partnered with TC Group, a local accountancy practice with an expert tax team to share some of these key changes for employers and what they mean, in particular the rises in Employer National Insurance Contributions.
Read the full report at tc-group.com/autumn-budget-hub/.
We will also be working with TC Group across 2025 to bring businesses a dedicated workshop on preparing an exit strategy and how the changes to both inheritance tax and capital gains tax could impact a successful exit.
This is just one example of how we can support businesses much further than just our own in-house knowledge when it comes to needing expert advice and guidance. Our partners are always forthcoming in helping us and, in turn, our businesses across the South Midlands. This ensures stability, growth and prosperity remain at the forefront of our mission in supporting businesses.
- Find out more at growthhub.southmidlands.org.uk/
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