Small and medium-sized enterprise (SME) drinks manufacturers are celebrating a substantial 63% rise in revenue during the first quarter of the year, according to the latest figures released by the Manufacturers’ Health Index.
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Small and medium-sized UK beverage manufacturers are performing favourably when compared to other sectors, a new report has found.
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The Wine and Spirit APPG has published its SME Inquiry Report on the government’s ‘illogical and unfair’ reform to alcohol duty.
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Adaptability has been key for indies that have sought not just to survive, but to thrive, as Angela Mount reports.
Supply chain issues and increasing costs have impacted small and medium enterprises (SMEs) across the country with four out of five (79%) revealing they have faced increased prices from suppliers over the past six months.
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Britain’s gin makers are calling on Chancellor Rishi Sunak to freeze spirit duty and extend hospitality’s VAT cut to alcoholic drinks to help boost British business.
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The Adam Smith Institute has added its voice to calls on government to reduce post-Brexit red tape for the wine trade, including scrapping the much derided and wholly unnecessary VI-1 forms.
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Many SMEs have had it particularly tough during the pandemic, with small and medium-sized businesses less likely than their larger rivals to have access to the resources to help guide them through.
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The £20m SME Brexit Support Fund, announced last month, is now open for applications.
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Many of the UK’s best known wine and spirit SMEs have written a joint letter to Chancellor Rishi Sunak urging him to cut duty while extended the hospitality’s VAT cut to provide further relief for those struggling with the pandemic.
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UK Chancellor Rishi Sunak delivered a bold response to the coronavirus crisis in his 11 March budget, with a raft of measures to support SMEs (small and medium-sized enterprises) and their employees.
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A number of key players in the drinks industry have been named in a list which celebrates the UK’s fastest growing small and medium sized businesses (SMEs).
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