Early Responses to Spring Budget 2023

15th March 2023

An early response to the Spring Budget from Peter Holbrook, Chief Executive of Social Enterprise UK:

Today, the Government has shown a more nuanced view on how fiscal policy can encourage investment and shape better business behaviours, that goes beyond corporate tax cuts.

Read the full SEUK post here. 

West Midlands Combined Authority has also shared how the Spring Budget will benefit the West Midlands region with new powers and £1.5 billion of investment for the West Midlands.

The West Midlands Combined Authority (WMCA) has negotiated a new Deeper Devolution Deal securing wide ranging new powers and a budget windfall in excess of £1.5 billion to level up the region.

Under the Deeper Devolution Deal – announced by Government in today’s Spring Budget – the WMCA has secured new and significant longer-term funding agreements including 100% business rates retention for 10 years, worth £450 million.

Birmingham Enterprise Community (BEC) have produced an excellent Budget Blog with key points and also a Budget Breakdown 2023 summary that is shared here as an easy download > BEC Budget Breakdown 2023.

BEC is an award-winning not for profit business support organisation that exists to help entrepreneurs and businesses take bigger leaps and fewer steps to grow and create economic and social prosperity.

In addition, a statement from Tony Armstrong, CEO of Locality, was released following the Budget announcements:

We are delighted by the Chancellor’s announcement of £100m of support for community organisations & charities. The community sector’s call for targeted support to deal with the #CostOfLiving has been listened to in Westminster.

Catch up on the full Budget statement from UK Government here.

Civil Society and NCVO commentary on Budget 2023 here.

PwC Spring Budget response here.

Ernst & Young Budget 2023 discussion online, 16th March 2023 3pm, register here.