AGP Executive Report
Last update: 9 hours agoUK Budget: Small firms warn that National Insurance, business rates and energy costs are squeezing cash flow and stalling hiring. Chancellor John Healey is pledging £800m a year in red-tape cuts, but businesses expect limited help with bills. SME Finance: British lender Lovey secured a facility of up to €298m to expand lending to UK companies and startups; in Italy, the EIB and BCC Iccrea unlocked €125m for SMEs. EU Rules and Resilience: The European Parliament backed targeted suspensions of extended producer responsibility rules for small companies. The Commission’s new climate resilience framework follows climate damage costing an estimated €50bn annually, underscoring risks to businesses and infrastructure. Regional Support: The EU allocated €38m for Georgian farmers and small businesses, with a focus on women-led firms and rural communities.
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