The Northern Ledger

Amplifying Northern Voices Since 2018

North firms at No10 lights as Budget 2025 backs SMEs

Downing Street flicked on the Christmas lights and, for one night, turned into a pop-up high street. Under the fairy lights, Grasmere Gingerbread from the Lakes stood alongside stalls from Wales, Kent and beyond - the North brought to Westminster without the usual gloss.

The government framed the showcase as a warm-up to Small Business Saturday. Small Business Britain expects a 19% rise in festive spending on independents this year - roughly £5 billion flowing to small firms - with 84% of people saying backing local matters and 95% recognising the value they add.

NHS staff, firefighters, police and service personnel shared the stage with community champions. Fourteen-year-old litter picker Samuel Salamone pressed the switch, a nod to the government’s Pride in Place programme and to the volunteers who quietly keep streets tidy back home.

Traders on the day included Wakuda, which champions Black-owned brands; Candle Wise; Young Blooms; Rumsey’s Handmade Chocolates; The Halfway at Tal-y-Coed; and, representing the North, Grasmere Gingerbread with its rum butter and ginger treats. It was a mix that felt closer to a Saturday market in Kendal than a set-piece in SW1.

Ministers used the moment to point to Budget 2025. The package includes a £4.3 billion business rates support scheme to cap sharp rises, an extension of small business rates relief, the £1 million Annual Investment Allowance kept in place and a new 40% First Year Allowance for main‑rate assets.

Targeted help for high street traders sits alongside an extended fuel duty cut to keep van and lorry costs in check, and wider eligibility for enterprise investment tax incentives to help fast-growing firms raise capital and recruit. Apprenticeships for under‑25s will be fully funded, promising a clearer training route for retail, engineering and hospitality across the North.

Prime Minister Keir Starmer called independents “the beating heart of our economy” and said the government’s mix of rates relief and training support is aimed squarely at them. For readers from Barrow to Barnsley, the question is straightforward: will January’s bills and payrolls reflect the promises?

In Downing Street, the message from the frontline was about people as much as pounds. Rhiannon Metters - who runs The Halfway in Tal‑y‑Coed - said pubs “bring people together”, a point that will resonate with village inns across Cumbria, County Durham and North Yorkshire battling winter loneliness.

Wakuda’s Albert Larter said the invitation showed belief in the independent sector, while campaigners at Small Business Saturday urged shoppers to back their favourite local firms through December, not just for one weekend. Northern high streets don’t need a pat on the head; they need footfall.

Earlier this year, ministers set out a Small Business Plan promising the toughest late payment reforms in 25 years, action on the use of personal guarantees by lenders and a new Business Growth Service to make advice easier to find. For owner‑operators, the to‑do list is simple enough: keep trade local this month, then sit down with an adviser to check eligibility for rates relief, plan apprenticeships and make the most of the new allowances before the year-end.

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