Policy & Lobbying

British Business Bank: Over 1250 Businesses Express Interest in Accessing New £660m Northern Powerhouse Investment Fund II

Over 1250 businesses have expressed their interest in accessing the new £660m The Northern Powerhouse Investment Fund II (NPIF II), according to its appointed regional fund managers. This includes expressions of interest from over 490 businesses across the North West. Unveiled by the British Business Bank in March this year, the Fund aims to increase the supply and diversity [...]

BCC Quarterly Economic Survey Q1: Firms Treading Water on Investment | BCC News

The British Chambers of Commerce Quarterly Economic Survey (QES) for Q1 2024 shows that while business confidence remains buoyant, there has been no overall improvement to business conditions, as measured by investment, sales, and cash flow. Levels of business confidence remain unchanged, with 56% of UK businesses expecting an increase in turnover in the next twelve months. Almost half of firms [...]

BCC Latest Survey: Access to Finance Challenges for SMES | BCC News

Accessing finance is becoming more difficult for a large number of SMEs, according to new data from the British Chambers of Commerce (BCC) Insights Unit. Around half (49%) of business surveyed who accessed finance felt that getting funding had become more challenging over the past three years. Only 13% said it was getting easier. The BCC’s latest survey of [...]

£660m Northern Powerhouse Investment Fund II to supercharge small businesses in Lancashire 

The British Business Bank has launched its new Northern Powerhouse Investment Fund II (NPIF II), a £660m fund set to cover the entire North of England. The Fund will continue to be available for businesses operating in Lancashire. Since the launch of the first Northern Powerhouse Investment Fund in 2017, it has delivered over £570m of direct and private sector [...]

BCC Quarterly Economic Forecast: Recession expected to end but growth will be weak | BCC News

The British Chambers of Commerce (BCC) Quarterly Economic Forecast has slightly upgraded growth expectations for 2024 and 2025, as the recession lasts just two quarters, but strong growth will remain elusive. UK Economic Outlook The UK economy is expected to grow every year until the end of 2026 but will continue to lack momentum. While 2023 ended with a technical [...]

British Business Bank: Inspirational Disabled Woodworker Chosen as Start Up Loans Ambassador for The Northwest

British Business Bank:Inspirational Disabled Woodworker Chosen as Start Up Loans Ambassador for The Northwest Leo Winstanley, founder of Hand-i-Craft in Formby announced as North West Ambassador Start Up Loans recognises 12 small businesses from across the UK as leading and inspiring examples of UK start-ups supported by the programme The programme has delivered more than £122.5m of funding to [...]

UK to Participate in Horizon Europe | BCC News

Commenting on the news of the agreement on UK participation in Horizon Europe, William Bain, Head of Trade Policy at the British Chambers of Commerce, said:  “The BCC has been making the case for some time that the best future for investment and international collaboration in our key sciences, higher education and research sectors is with Horizon Europe.   “If [...]

BCC Economic Forecast: Fragile Economy Stuck In First Gear 

The British Chambers of Commerce has marginally upgraded its 2023 GDP forecast to 0.4%, but reports that economic activity will remain very weak throughout 2024 and 2025. Reflecting on today’s update from the BCC, Miranda Barker OBE, Chief Executive of East Lancashire Chamber of Commerce, said: “Today’s forecast and subsequent reporting paints quite an unpromising economic outlook, but this [...]

Unrelenting Workforce Pressures Hit The Economy | BCC News

Reacting to the latest ONS labour market figures, Jane Gratton, Deputy Director, Public Policy at the British Chambers of Commerce said: “The figures showing pay growing at a record annual pace highlight the unrelenting workforce pressures businesses are facing. In a tight labour market, employers are struggling to contain wage inflation as the expectations of their staff and job candidates continue to rise. “BCC research published earlier this month, shows only a slight fall in the [...]

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