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Small Business Saturday: A Call to Support Local Businesses

TodayÔÇÖs Small Business Saturday holds a special significance, writes Conservative MP for Stamford and Grantham Gareth Davies. As Christmas draws nearer, let’s take a moment to recognize and show our support for the many outstanding small businesses in our local communities.

Visiting small businesses is always a highlight for me each week. The abundance of fantastic firms in our area never fails to impress. Some notable businesses include Hawkens Gingerbread in Grantham, continuing centuries of baking heritage; Full of Beans in Bourne, known for their delicious coffee; and the Stamford Notebook Company, recently recognized for producing the notebooks for the G7 conference in Cornwall. It gives me great pleasure to highlight the many achievements of our local businesses and vow to continue doing so.

Small businesses are the lifeblood of our economy and the backbone of our community. They play a crucial role in creating jobs, boosting incomes, and driving innovation for the future. Additionally, they inject life into our high streets, contribute significantly to the funding of public services, and provide opportunities for personal and financial growth. Supporting small businesses means supporting all these vital aspects and more, making it a top priority.

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Another critical initiative is the effort to address the issue of late payments, with the government introducing new rules to ensure fair payment terms throughout the supply chain. This move aims to ease the financial strain on small businesses by holding larger firms accountable for their payment practices.

Furthermore, the announcement of a new investment zone for the East Midlands is poised to drive growth and create thousands of jobs in the region over the next decade. This strategic investment, combined with tax incentives and infrastructure support, will provide a significant boost to local businesses and the economy.

Recognizing the importance of supporting enterprise and small businesses, recent measures have targeted reducing business rates and offering tax relief to self-employed individuals. The two per cent cut to National Insurance contributions and other financial support demonstrate the governmentÔÇÖs commitment to empowering small businesses and entrepreneurs.

For our country and communities to flourish, it is essential to rally behind the enterprise, energy, and determination embodied by our small businesses. Let’s continue to extend our unwavering support to these businesses, not just today but every day.

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