Small Businesses: Government Assistance

Department for Business, Energy and Industrial Strategy written question – answered on 8th January 2019.

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Photo of Will Quince Will Quince Conservative, Colchester

What recent steps he has taken to support small businesses.

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

Through our modern Industrial Strategy, we are making the UK one of the best places in the world for businesses to start up and grow.

The Government-owned British Business Bank is supporting nearly 78,000 small businesses with over £5.5 billion of finance; and we’ve extended funding for the Start Up Loans Company until 2021, supporting 10,000 more entrepreneurs.

We’re also providing £56m of funding to boost business productivity, including £11m to create a Small Business Leadership Programme.

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