Chancellor addresses small business leaders at No 11 Downing Street

On October 14, 2024, in the United Kingdom, Chancellor Rachel Reeves convened a meeting with small business leaders at No 11 Downing Street. This gathering followed London’s International Investment Summit, where businesses pledged to invest £63 billion in various deals. Reeves emphasized the importance of the private sector in driving economic growth and expressed her commitment to supporting entrepreneurs and small businesses. The event aimed to foster networking opportunities between small businesses, female entrepreneurs, and leaders from the investment community, as well as government and trade bodies. The Treasury highlighted the need for increased investment in the UK economy, particularly to address funding gaps for women-led businesses. Notable attendees included the co-founder of Wayve, a self-driving vehicle firm, and the head of Uncommon, a cultivated meat producer. Reeves reassured attendees of the government’s dedication to creating jobs and opportunities, reinforcing the message that the government is a supportive ally for the private sector.