Jeremy Hunt is to extend a key government lending programme for another two years following pleas from Britain’s army of small businesses.
Sky News has learnt that the chancellor will announce in his budget on Wednesday that the recovery loan scheme, which was reintroduced in the summer of 2022, is to be extended until 2026.
Sources said that Treasury officials had heeded calls from business groups that the expiry of the existing scheme in June would represent a cliff-edge for smaller companies in need of loan guarantees.
Kemi Badenoch, the business secretary, is understood to have urged the chancellor to back the RLS’s continued operation.
Under the scheme, the government guarantees 70% of loans of up to £2m to companies which have a turnover of less than £45m.
Its launch followed massive state intervention in the business lending market during the COVID pandemic, with a series of loan schemes aimed at companies of all sizes.
In its submission to the Treasury ahead of the budget, the Federation of Small Businesses said: “The extension of the recovery loan scheme in 2022 was crucial in helping small firms invest and grow.
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“It should now be extended beyond its current end date, in July 2024.
“It is performing well and an important feature of the UK’s funding ecosystem and brings many benefits in the case of economic slowdown.”
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The Treasury declined to comment, while the Department for Business and Trade did not respond to enquiries.
In a small hut next to Newlyn Harbour at the bottom of Cornwall, the next generation of fishermen are quite literally learning the ropes.
Around a dozen students are on the eighth day of a two-week intensive course to become commercial fishers.
From knot and ropework to chart plotting, navigation to sea survival, by the end of the course they’ll be qualified to take a berth on a vessel.
While many are following in the footsteps of their fathers, others are here to try an entirely different career.
Image: Elliot Fairbairn
Elliot Fairbairn, 28, is originally from London and has been working as a groundworker.
“I’m not from a fishing family – I just like a challenge,” he says.
He’s put his current job on hold to see how fishing works out.
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“It makes you feel good doing a hard job.I think that’s what’s getting lost these days, people want an easy job, easy money and they don’t understand what it takes to be successful. Sometimes you’ve got to put that in the work.”
Elliot already has a job lined up for next week on a ring-netter boat.
“I’m ecstatic – I’m very pumped!” he tells me.
Image: Students take part in a two-week intensive course to become commercial fishers
Also on the course is 17-year-old Oscar Ashby. He’s doing his A-Levels at Truro College and training to be a healthcare worker at the main hospital in Cornwall.
“I’m part of the staff bank so can work whatever hours I want – which would fit quite well if I wanted to do a week’s fishing,” he says.
It’s his love of being outside that has drawn him to get qualified.
“It’s hands-on, it’s not a bad way to make money. It’s one of the last jobs that is like being a hunter-gatherer really – everything else is really industrialised, ” Oscar says.
The course was over-subscribed.
The charity that runs it – Seafood Cornwall Training – could only offer places to half those who applied.
‘A foot in the door’
“The range of knowledge they’re gathering is everything from how to tie a few knots all the way on how to register with HMRC to pay and manage their tax because they’d be self-employed fishermen,” manager Clare Leverton tells me.
“What we’re trying to do with this course is give them a foot in the door.
“By meeting our tutors, skippers on the quay, vessel managers, they start to understand who they’re going to have to talk to to get jobs.”
Getting fresh blood into the industry is vital.
Over the last 30 years, the number of fishermen in the UK has nearly halved – from around 20,000 to 10,000.
The average age of a fisherman in the UK is 55.
Aging workforce
Image: Mike Cohen, chief executive of the National Federation of Fishermen’s Organisations
“I think we’re seeing the effects of having an aging workforce,” says Mike Cohen, chief executive of the National Federation of Fishermen’s Organisations (NFFO).
“Fishing is a traditional occupation in most places around the country. A lot of family businesses, and as people are getting older, they’re starting to retire out of the industry.”
The decline comes at a time of frustration and anger in the industry too.
Many feel the prime minister’s post-Brexit deal with the EU back in May sold fishing out by guaranteeing another 12 years of access to EU boats to fish in UK waters, rather than allowing it to be negotiated annually.
“A large part of the effort the EU exerts in UK waters is within our territorial waters, so within 12 miles of the shore. And that’s the area that’s most pressured,” adds Mr Cohen.
“For new people getting into the industry it’s the area that they can reach in the sort of small boats that new starters tend to work in. They’re increasingly pressured in that space and by keeping all of those European boats having access to it for free, for nothing, that puts them under even more pressure.”
The government says it will always back “our great British fishing industry” and insists the EU deal protects Britain’s fishing access.
‘A brilliant career’
To further promote getting young people into commercial fishing, the Cornwall Fish Producers Organisation has helped set up the Young Fishermen Network.
Skipper Tom Lambourne, 29, helped set up the group.
“There’s not enough young people coming into it and getting involved in it,” he says.
“It’s actually a brilliant career. It’s a hard career – you do have to sacrifice a lot to get a lot out of fishing – your time is one of them. But the pros of that certainly outweigh it and it’s a really good job.”
Image: Tom Lambourne, from the Young Fishermen Network
Tom says the network supports new fishers by holding social events and helping them find jobs: “There’s never been a collective for young fishermen.
“For a youngster getting into the fishing industry to be sort of part of that – knowing there’s other youngsters coming in in the same position – they can chat to one another, it’s pretty cool really.”
A man was ejected from Anfield after reports of racial abuse directed at Bournemouth winger Antoine Semenyo during the season’s opening Premier League game against Liverpool.
Match referee Anthony Taylor paused play in the 29th minute after Semenyo accused a spectator of racist abuse.
An anti-discrimination message was read out to the Anfield crowd, and it is understood that police officers went into the referee’s room at half-time.
Merseyside Police said an investigation is under way after the 47-year-old man’s identity was confirmed and he was removed from the ground.
Chief Inspector Kev Chatterton, the match commander for the Liverpool v Bournemouth game, said: “Merseyside Police will not tolerate hate crime of any form.
“We take incidents like this very seriously, and in cases like this we will be proactively seeking football banning orders, with the club, against those responsible.”
He added: “There is no place for racism and it is vital that anyone who witnesses such an offence reports it to stewards, or the police immediately, so we can take the necessary action like we did this evening.
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“As with all matches, we work very closely with both Liverpool and Everton FC to ensure the safety of the public, and the players.”
A spokesperson for Liverpool said the club was “aware of an allegation of racist abuse made during our Premier League game against Bournemouth”.
Image: Semenyo with his teammates during the match. Pic: PA
The Liverpool spokesperson said: “We condemn racism and discrimination in all forms, it has no place in society, or football.
“The club is unable to comment further as tonight’s alleged is incident is the subject of an ongoing police investigation, which we will support fully.”
After the incident, Semenyo scored twice in the second half to help bring Bournemouth back from two goals down at Anfield before Liverpool went on to eventually win the contest 4-2.
Bournemouth captain Adam Smith told Sky Sports News afterwards: “It shouldn’t be happening. I don’t know how Ant’s played on to be honest and come up with those goals. It’s totally unacceptable.
“Something needs to be done. Taking the knee isn’t having an effect. We’re supporting him and hopefully he’ll be OK.
“I wanted him to react because that’s what I would have done, but this shows what type of man he is…to come up with those goals showed the type of guy he is.
“To be fair the Liverpool players were very supportive as well towards Antoine and the rest of the team. It was handled in the right way but… so angry.
“I don’t know what else we can do. No one’s getting it. I don’t know what to say anymore. I just feel for Ant… shocking.”
The Premier League said in a statement that its “on-field anti-discrimination protocol” had been followed and the incident “will now be fully investigated”.
“We offer our full support to the player and both clubs,” it added. “Racism has no place in our game, or anywhere in society. We will continue to work with stakeholders and authorities to ensure our stadiums are an inclusive and welcoming environment for all.”
The Football Association said it was “concerned” about the allegation of racism towards Semenyo and that it would ensure “appropriate action” would be taken.
The incident comes two days after Tottenham Hotspur player Mathys Tel faced racist abuse online following a missed penalty in his team’s UEFA Super Cup victory over Paris Saint-Germain.
The mother of a man shot dead by attackers on electric bikes three years ago has appealed for help finding his killers.
Sam Rimmer was shot in the back on 16 August 2022 when the bikes rode into Lavrock Bank in Liverpool and fired at him and his friends.
The 22-year-old was injured and died a short while later in hospital. Ten people have been arrested since then but no charges have followed.
Sam’s mum, Joanne, said the last three years have been “agonising” and “the passing of time has not eased the pain”.
“People say to cherish the memories, but when I think of Sam, the memory I have is of his body in the morgue, staring at his chest, willing him to breathe. No parent should ever have to identify their child’s body,” she said.
Joanne pleaded: “If you know something and you are reading this, please, please speak up.
“No one will ever know as it will be completely anonymous. Sam was shot in his back. He was turned away from his killers. This image haunts me. In his final moments, was he scared? Was he in pain?”
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She added: “I died the day Sam did. I function but I do not live.”
Detective Chief Inspector Steve McGrath, from Merseyside Police, said they “just need the final piece of the puzzle”.
“We know that there are people out there who live in the Dingle/Toxteth area who know who is responsible and my appeal is for those people to come forward and tell us what they know,” he urged.
“Do you know who was riding on the bikes that arrived in Lavrock Bank that night? Do you know where they went afterwards or where they are being stored?”
He said any information would be handled carefully and “extensive measures” put in place to protect anyone who comes forward.
Anyone who witnessed the incident, was in the area at the time, or has any other information is urged to contact Merseyside Police on their public portal.
They can also be reached on @MerPolCC on X, or information can be left anonymously with Crimestoppers on 0800 555 111.