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News inCharnwood

British Business Bank’s Growth Guarantee Scheme provided with additional capacity to support businesses affected by global tariff changes

Tue 15th April

On April 13 2025, the Chancellor announced the Growth Guarantee Scheme will provide approximately £500m of additional lending capacity to help more smaller businesses across the UK. The extra funding is aimed at smaller businesses that may need support with cashflow issues due to changes in global tariff rates. Businesses can use the finance for any legitimate business purpose, including managing cashflow or working capital requirements due to disruption caused by changes to global tariffs. However, businesses must be able to afford to take out additional debt finance for these purposes.

Leicestershire SMEs: Share Your Views on US Tariffs

Fri 11th April

The UK Government is asking businesses across Leicester and Leicestershire, especially SMEs, to share their experiences of US tariffs on British exports. Local industries such as textiles, food and drink, plastics, and engineering could all be affected. Submit your views by 1st May 2025.