The Pet Industry Federation has launched the first phase of its comprehensive Business Toolkit, designed to help small and medium-sized pet businesses across the UK plan and operate more effectively. This initiative comes at a critical time as the UK’s recent Budget introduces significant cost increases impacting businesses from April 2025.

The initial release of the Business Toolkit includes financial planning tools and a business plan template, both tailored to the unique challenges of the pet industry. These essential resources equip pet business owners to forecast, budget, and plan for long-term resilience. Additional components, such as marketing guidance and compliance resources, will roll out over the coming months.

Nigel Baker, CEO of PIF, said: “The UK pet industry is incredibly resilient, but we recognise the pressures small businesses face in light of rising costs from the recent Budget. The PIF Business Toolkit aims to provide our members with the tools and guidance to navigate these challenges, improve efficiency, and strengthen their operations for the future.”

With increased tax rates, higher employee costs, and operational challenges looming, many small businesses are bracing for tighter margins. Even if businesses are not directly affected by the higher costs, their suppliers will be and may well pass these on to their customers.

The PIF Business Toolkit is designed to help businesses:

• Plan Ahead: Customisable templates for budgeting, cash flow forecasting, and understanding new tax implications.
• Stay Profitable: Pricing strategies and tips to manage costs effectively.
• Prepare for Growth: Strategies to diversify income streams and adapt to market demands.

The Business Toolkit is available exclusively to PIF members and reflects PIF’s ongoing commitment to helping pet businesses succeed in a changing economic climate.

Pet business owners can access the toolkit via the PIF Members’ Area at: https://petfederation.co.uk/login/