As the UK economy recovers, Labour needs to focus on empowering small and medium-sized enterprises (SMEs), which are essential for job creation and innovation. To do this, Labour should introduce long-term, sector-specific financial support, allowing SMEs to plan and grow with greater stability. Keeping corporation tax low and supporting local governments are also key to ensuring SMEs have the backing they need.
Investing in technology and digital skills is another priority. Labour should help SMEs harness technology to boost productivity without risking job losses. Additionally, improving infrastructure—such as transport links and digital connectivity—will enhance business efficiency and support sustainable growth.
Strengthening local supply chains can protect SMEs from global disruptions, improving sustainability and reducing dependency on international markets. Encouraging investment through incentives like venture capital schemes will provide SMEs with essential funding for growth and innovation.
Bby implementing these targeted policies, Labour can help SMEs thrive and drive the UK’s economic recovery.
Duke Capital Limited (LON:DUKE), formerly Duke Royalty Limited, is a Guernsey-based provider of hybrid capital solutions for small and medium-sized enterprises (SME) business owners in the United Kingdom, Europe and North America, combining the features of both equity and debt.
