Business Finance

Part of Oral Answers to Questions — Business, Innovation and Skills – in the House of Commons at 11:30 am on 10th November 2015.

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Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills 11:30 am, 10th November 2015

According to the latest SME Finance Monitor survey, net lending to smaller businesses has recovered substantially since 2014 and businesses are increasingly finding that banks are more willing to lend. In relation to Government assistance, we have provided finance help to small businesses—for example, through 32,800 start-up loans worth £176 million. Turning to the self-employed, Julie Deane, the founder of the Cambridge Satchel Company, is currently carrying out an independent review of self-employment, and I am sure we will welcome her recommendations. We of course need to do more to make sure that everybody knows about the brilliance of the financial tech sector.