Calls for £130m fund as UK car parts suppliers face distress
SMMT says high costs and uncertain volumes are pushing UK automotive suppliers into distress, and calls for a £130m Automotive Productivity Accelerator.
Friday 13 November 2026
The latest news affecting small and medium sized (SME) businesses in the UK
SMMT says high costs and uncertain volumes are pushing UK automotive suppliers into distress, and calls for a £130m Automotive Productivity Accelerator.
![A young person working in a print factory It forms part of the National Mission on Work Experience, which aims to create 200,000 additional placements. Pupils in years 10 and 11 can split their days across several firms, such as a café, an accountant and a retailer, reducing the time asked of any one business. Firms will get toolkits, expert advice and help finding candidates. Would your business take on a pupil for a few days? Read the full story: [ARTICLE URL] #SmallBusiness #WorkExperience #Skills](https://bmmagazine.co.uk/wp-content/uploads/2026/11/shutterstock_2591249229-420x236.jpg)
A government-backed campaign launching tomorrow asks small businesses for 50,000 of the 200,000 new work experience placements for 14 to 16-year-olds.
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Sir Kevin Sinfield received the Inspiration Award as Tulleys Farm took the top prize at the Lloyds British Business Excellence Awards at Grosvenor House.
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Companies registered in London and the South East claimed 49 per cent of UK R&D relief, HMRC data shows, as innoscripta floats regional tax relief uplift.
Mars is to invest £161m in its Mars pet food factory in Melton Mowbray, creating more than 30 technical roles and expanding its apprentice programme.
Tom Brady Birmingham City ties have ended three years after he joined as a minority investor, with the Blues top of the Championship and a stadium…
Online marketplaces Vinted and eBay could be added to the UK's under-16s social media ban, culture secretary Lisa Nandy has said, citing child safety.
KPMG's latest UK growth forecast puts GDP growth at 1.5 per cent this year, naming investment in AI and defence as key drivers as spending power…
