Sara’s Blog: Boosting women in business is back and reaction to mini budget

Sara Williams

Next week we launch the third cohort of our Boosting Women in Business programme.

Boosting Women in Business is a project funded by NatWest Skills & Opportunities Fund and delivered by Staffordshire Chambers of Commerce.

People start on their own for a variety of reasons – it may be due to loss of employment or redundancy, or it could be that a nine-to-five job no longer fits their lifestyle.

Whatever the reason, starting a business can be daunting. I have done it myself, so I know from experience! But with help, guidance and the support of a network of professionals and peers willing you to succeed – it becomes a whole lot easier.

Boosting Women in Business provides all of the above, equipping participants with the fundamentals and knowledge to transition into the world of self-employment through practical workshops, one-on-one support from business advisors and mentoring and networking with peers.

The programme leads to the formulation of a business plan and a pitch to win a £1000 cash prize for the best plan.

Lisa Smith, owner of mobile catering business Silver Café Co and first prize winner from Boosting Women in Business earlier this year puts it better than I can:

“The Boosting Women in Business course really helped me understand the importance of business fundamentals such as developing a business plan. Modules were delivered in easy to absorb chunks with time for one-to-one help. Just knowing that there was someone to offer guidance was a great comfort and I am confident that I can make a success of my business, with the support of everyone involved in Boosting Women in Business.”

This is a fantastic opportunity and who knows what lies ahead for our new cohort of enthusiastic ladies as they embark on this new and exciting chapter in their working life.

The next Boosting Women in Business programme is in early 2023 and if you are interested in participating email start@staffordshirechambers.co.uk

Mini-budget reaction

The measures announced in the mini-budget today will be welcomed by many businesses and should act as a catalyst to boost economic growth while encouraging investment.

Reversing the increase to National Insurance Contributions is good news for the business community who need a strong and suitable support package during the current economic climate.

The move to make the Annual Investment Allowance permanent will also come as a relief to many firms. It is a crucial tool which gives them the confidence to push ahead with investment, and will add greater certainty to their plans, now we know it is guaranteed to remain.

Investment Zones could also help finally deliver on the Government’s long-standing promise to Level Up, if the scheme is truly UK-wide. However – lessons must be learned from the past, otherwise they can simply displace growth and investment from one area to another without creating new economic activity.

All-in-all, this has been a good week for businesses, with today’s announcements and the energy support package – and we will now await further detail on a comprehensive long-term economic strategy.

If you want to talk to us about any business issues, including funding, you can call our switchboard on 01782 202222 or call the Stoke and Staffs Growth Hub Helpline on 0300 111 8002 or email: info@staffordshirechambers.co.uk

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