57% of small business owners have never had a mentor. Let’s change that.

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Two big dates are coming up: National Mentoring Day on Tuesday 27 October, and John Healey’s first Budget the day after. We’ve got you covered for both. Our new report, Mentoring Matters: Four Years On, found that 57% of small business owners have never had a mentor, and solo founders are the least likely to have one (37%, against 52% of businesses with employees). Owners who rate their mentoring highly are also more confident their business will survive (65% against 50%).

On the Budget, our CEO Aaron, head of policy Daniel and I have scored every rumour out of 10, from rates relief to family business tax, so you know what to listen for. Our honest take? Stability would be a win, and a boost to small business rates relief would be the cherry on top. Read the Budget chat and look out for our Budget special next week.

Finally, a story that shows what a good idea and a bit of backing can do. Tom Helm of KESWICK3, whose Land Rover cup holder turned into a business and won our Next Generation Grant.

From Land Rover restoration to business idea: How Tom Helm won the Next Generation Grant

Mentoring Matters: Four Years On – why 57% of small business owners have never had a mentor

Save energy and reduce costs when running a business from a premises or your home

Enterprise Nation and EDF Small Business, supported by Square, are giving out £25,000 in funding to help 25 small businesses invest in practical improvements. Each successful applicant will receive a £1,000 grant to support the next stage of their businesses.

💳 NatWest offers a range of business bank accounts, like Mettle – send invoices on the go, auto-match payments and get instant notifications. Register your interest.

💯 Entries are open for the Elite Business EB100 2027. Get your business listed amongst the UK’s top 100 SMEs.

🤖 Access fully-funded AI training with courses designed to support adoption, boost productivity, and turn technology into a catalyst for change.

📊 Growth on hold: The year rising costs swallowed small business growth plans.

business.connected digital bootcamp:
Newport

🗓 Thursday 5 November | Newport

Google Digital Garage:
East Midlands

🗓 Friday 6 November | Chesterfield

business.connected digital bootcamp:
Derry

🗓 Thursday 12 November | Derry

Supply Connect Procurement Club: Tender responses that win

🗓 Wednesday 18 November | Online

That’s all for this week!

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