Westminster Business Forum

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Next steps for UK start-ups policy

Small Business Strategy design & implementation | regulatory priorities | driving growth & promoting competition | unlocking innovation & technology | tackling barriers to entry & scale-up | implications of the Procurement Act 2023

Morning, Tuesday, 16th September 2025

Online


This conference will consider next steps for UK start-ups policy.


It will bring key stakeholders and policymakers together to discuss priorities for the Government’s forthcoming Small Business Strategy, looking at the way forward for reducing barriers for start‑ups and other SMEs, improving growth prospects and productivity, and supporting innovation and competitiveness. 


The agenda looks at related goals for improving access to finance, supporting adoption of digital technologies, fostering job creation, and developing regulation to better serve the needs of small and high-growth businesses. The role of new initiatives such as British Business Bank Industrial Strategy Growth Capital, the British Growth Fund, the Green Growth Guarantee Scheme, and proposed Business Growth Service will be considered.


The discussion takes place in the wider context of:

  • the recently published Industrial Strategy, including increased funding through the British Business Bank to support small business and innovation across the eight growth-driving sectors identified by the Government, and expansion of the Office for Investment
  • measures in the Chancellor’s Spring Statement and Spending Review 2025, including SME productivity programmes, new skills funding, and increased British Business Bank funding for start‑ups and scale‑ups
  • recommendations for accelerating technology uptake among smaller firms in the SME Digital Adoption Taskforce: Interim Report published in March 2025
  • the Department for Business and Trade’s current consultation on Small Business Access to Finance

Small Business Strategy
Delegates will examine requirements for effective development and implementation of the Small Business Strategy, including support needed for firms to start and scale-up, and how domestic and international markets can be opened up for SMEs.


Strategies for unlocking business skills will be assessed and what is needed from the wider tax and regulatory environment to promote growth and productivity.    


We also expect discussion on priorities for different types of businesses - as well as tensions between central government and devolved policy, looking at approaches to aligning with local and national growth initiatives such as the wider Industrial Strategy and economic goals, including overseas investment.


Regulation
Sessions will discuss the role of regulation in supporting start-ups, looking at next steps for promoting competition in incumbent industries and how regulation might be balanced with sector growth, particularly in the context of the implementation of the Digital Markets, Competition and Consumers Act 2024. Delegates will look at establishing clarity and consistency across FCA, CMA and RIO frameworks and how regulation can foster investor confidence and encourage innovation, considering concerns around inconsistent requirements delaying product launches or deterring investment.


Access to finance, capital markets and listing reform
Sessions will consider practical steps for making it easier for start-ups to access capital at each stage of growth, with the Government committing to reforming and streamlining UKRI funding routes as part of the Digital and Technologies Sector Plan


With the British Business Bank’s total financial capacity increased to £25.6bn in the Spending Review 2025, attendees will examine the way forward for distribution of start-up loans and support needed for small businesses in reaching equity deals and raising venture capital. The role of the British Business Bank and private finance in easing barriers for businesses will be discussed, as well as tackling regional imbalances in funding and addressing gaps in provision for underrepresented founders.


It will also be an opportunity to examine ways in which the UK’s financial ecosystem - including new listing platforms such as Private Intermittent Securities and Capital Exchange System (PISCES) - can better serve innovative companies, looking at concerns around proposed changes. Discussion is also expected on utilising incentives for UK start-ups and scale-up firms to list onshore.


Business support, procurement and public sector access
Delegates will examine the evolving role of digital tools in business support and the case for more integrated infrastructure to help scale-up firms, as well as how the proposed Business Growth Service might work in streamlining access to funding opportunities, export support, and reducing fragmentation.


Delegates will also assess early indications from the Procurement Act 2023, which came into force in February 2025, examining its impact on market competition, access to public contracts, and on procurement processes. We expect discussion to also centre on potential mitigations for new processes favouring established suppliers, looking at options for reform - including in defence - to enhance SME access to public contracts.


Regional growth
Discussion will consider how new policies can support fair and balanced growth across the UK, looking at how regional funding programmes such as Northern Powerhouse Investment Fund II are being used, and how public sector contracts can better support start-up innovation. Strategies for managing risk and maintaining accountability in how start-ups are supported will be examined, as well as focusing on methods of working between regulators, industry, and support organisations that can best help businesses grow in a fast-changing, digital economy.


Innovation
Enhancing entrepreneur productivity through adopting digital technologies will also be discussed, as well as how recommendations in the SME Digital Adoption Taskforce: Interim Report might be implemented, such as e-invoicing standards and development of accessible AI-powered support tools. Discussion is expected on lessons learned from AI-related pilot schemes, as well as whether early-stage firms have enough access to technical support for growth, and ways forward for expanding access.


All delegates will be able to contribute to the output of the conference, which will be shared with parliamentary, ministerial, departmental and regulatory offices, and more widely. This includes the full proceedings and additional articles submitted by delegates. As well as key stakeholders, those due to attend include officials from DESNZ; DSIT; DfT; FCDO; DAERA, NI; Department for the Economy, NI; and NWF.



Keynote Speaker

Jessica Lennard

Chief Strategy and External Affairs Officer, Competition and Markets Authority

Keynote Speakers

Madush Gupta

Chair, Centre for Finance, Innovation and Technology

Emma Jones

Small Business Commissioner

Jessica Lennard

Chief Strategy and External Affairs Officer, Competition and Markets Authority

Carolyn Dawson

Chief Executive, Founders Forum Group

Speakers

Ian Merricks

Proposition Lead, VenturePath

Councillor Nazia Rehman

Portfolio Holder, Finance, Resources and Transformation, Wigan Council

Charlotte Keenan

Head, Corporate Engagement International, Goldman Sachs