New Businesses and Small Businesses: Government Assistance

Department for Business, Energy and Industrial Strategy written question – answered on 19th September 2017.

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Photo of Seema Malhotra Seema Malhotra Labour/Co-operative, Feltham and Heston

To ask the Secretary of State for Business, Energy and Industrial Strategy, what (a) grants and (b) other financial support his Department provides to (i) small and (ii) start-up businesses.

Photo of Margot James Margot James Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

British Business Bank Programmes are supporting almost £3.5bn of finance to over 56,000 smaller businesses, and participating in a further £5.5bn to 81 mid-cap businesses (as at December 2016).

These figures are published in this Department’s annual report[1] and in the British Business Bank’s annual report[2].

I am pleased to note that since 2012 in the hon. Member’s constituency of Feltham and Heston, 67 start-up loans have been drawn down to a value of £497,547.



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