New Businesses: Suffolk

Trade and Industry written question – answered on 27th June 2007.

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Photo of Richard Spring Richard Spring Vice-Chair, Conservative Party

To ask the Secretary of State for Trade and Industry how many new businesses established in Suffolk received Government funding assistance in each of the last five years.

Photo of Margaret Hodge Margaret Hodge Minister of State (Industry and the Regions)

Unfortunately, departmental and RDA management information systems do not differentiate between new and existing Suffolk businesses in receipt of government funding.

However, data are available for the total number of businesses in receipt of financial support in Suffolk for the five year period ending 31 March 2007 (unless otherwise stated).

(a) 85 businesses were supported via the Business Advice and Support programme. These businesses were provided with support to a maximum of £250.

(b) 7 companies received Regional Selective Assistance (RSA) and Enterprise Grant (now Selective Finance for Investment in England (SFIE).

(c) 18 companies received R and D Grants (formerly SMART awards) between 2003 and 2006.

(d) 299 companies received Small Firms Loans Guarantees.

In addition to which, Business Link and Local Enterprise Agencies provided advice to 2,609 new businesses to help them start-up. And Business Link Suffolk provided European Social Fund backed training to 702 businesses.

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