AGP Executive Report
Last update: an hour agoSME Finance Boost (UK): Rachel Reeves is set to expand the Growth Guarantee Scheme, adding a £6.5bn uplift and extending loan terms from six to ten years, with higher turnover eligibility to help more SMEs access commercial credit. Business Rates Reform (UK High Streets): Shopkeepers and the Institute of Directors are pushing Andy Burnham for a “hybrid” business rates overhaul, including a 2% levy on online sales and a 37% cut for physical retailers, arguing the current system is the “most unfair tax” and is damaging high streets. Defence Procurement Pain (UK): UK defence firms say the Ministry of Defence is the “worst customer” due to delays and bureaucracy that force suppliers to sell abroad or exit Britain. Payments for Small Firms (EU): PayPal has joined the European Payments Council, aiming to improve interoperability and instant payments across Europe—potentially easing cross-border acceptance for SMEs. Energy Grid Shock (UK): A major north Devon community solar farm is being shut during summer to avoid grid overload, risking about £2m in lost revenue for nearly 10,000 members. Brexit Trade Friction (UK): An Essex oyster business says Brexit cut European sales overnight and still makes exporting perishable live shellfish “too complicated, difficult and risky” for small firms. Digital Growth (UK): Online company formation services are gaining traction as entrepreneurs choose faster, cheaper digital registration and added compliance support. EU Cyber Pressure: An EU court action targets Ireland, Spain and France over critical infrastructure cybersecurity rules, with knock-on implications for business compliance costs. Innovation Showcase (Italy/East Africa): Italy’s Smart Living 2026 links Italian SMEs with East African partners through design, tech and manufacturing matchmaking.
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