Business, Innovation and Skills written question – answered at on 9 November 2010.
To ask the Secretary of State for Business, Innovation and Skills what steps his Department is taking to assist the development of small and medium-sized businesses in (a) the West Midlands and (b) Coventry.
A number of measures which are being undertaken with the purpose of stimulating growth which are particularly targeting support for small and medium sized enterprises (SMEs).
As the regional development agencies are decommissioned I will introduce a new and flexible delivery system which will include a national website, a national contact centre and access to mentors which should help SMEs to grow. I also intend to establish a network of Growth Hubs in England to support businesses with high growth potential.
The Government will provide highly focused support to SMEs through a renewed and streamlined portfolio of business improvement products through Solutions for Business to be launched by this Department by April 2011.
We are establishing Local Enterprise Partnerships (LEPs) as set out in the White Paper on Local Growth. Coventry will be covered by a new LEP for Coventry and Warwickshire. This will involve local business and civic leaders working together to drive economic growth and create new jobs in their communities.
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