What Could the Autumn Budget Mean for Growing SMEs? Thinking Ahead with Head, Heart and Hand
For SMEs in growth mode thinking about expansion, this month’s Budget from the Chancellor could be more than a policy update—it may be a moment to pause, reflect, and prepare for what’s next.
With the economy still balancing inflation, interest rates, and global uncertainty, many business owners are asking: What changes might be coming—and how should we respond?
We can’t predict exactly what the Chancellor will announce, but we can ask some useful “what if” questions and think through possible responses. This is where combining head, heart and hand thinking can help—blending smart strategy, emotional insight, and practical action.
It’s an approach Martin Brown, our CEO, recommends to growing business, to help leaders stay grounded and make good decisions—especially when things feel uncertain.
He looks at three scenarios worth considering as you shape your growth and expansion plans for the months ahead:
1. What if business taxes go up?
Head: Higher corporation tax or changes to national insurance could eat into the cash you’re setting aside for expansion. It’s worth reviewing your financial plans now to see where extra pressure might appear. Could growth still be funded through smart reallocation?
Heart: Tax increases can feel like a step backwards, especially when momentum is building. But staying focused on your longer-term goals—and why you’re growing in the first place—can help you stay positive and proactive.
Hand: Talk to us about scenario planning. A few simple adjustments now could keep your growth on track later.
2. What if incentives are announced for digital adoption or going green?
Head: Look at your business through the lens of innovation. Are there areas where technology or sustainability upgrades could boost productivity or open new markets?
Heart: For many growing businesses, the drive to innovate is about more than profit—it’s about creating a lasting legacy. Funding could help bring these ambitions to life sooner than expected.
Hand: Keep an eye out for schemes or grants that could align with your plans. Make sure someone on your team is ready to act quickly—these opportunities often come with short windows.
3. What if access to finance becomes easier or more targeted?
Head: Additional funding options—especially those linked to growth, apprenticeships, or exports—could provide a much-needed boost. Revisit your investment roadmap and see what could be accelerated.
Heart: Growth is exciting but demanding. Extra funding could ease the pressure and give your team more confidence to take that next step.
Hand: Be prepared. Having an up-to-date business plan and clear growth story will put you in a strong position if new finance initiatives open up.
From our work supporting many UK SMEs to grow and expand. we know that businesses that grow well are those that stay alert, stay grounded, and stay ready. That’s what head, heart and hand thinking is all about.
While the Autumn Budget will not satisfy everyone and may provide more questions than answers, it will shape the environment in which your business is operating. By considering a few thoughtful scenarios now, you’ll be in a stronger position to respond—with clarity, confidence and control.