Small Businesses: Production

Department for Business, Energy and Industrial Strategy written question – answered on 6th September 2022.

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Photo of Seema Malhotra Seema Malhotra Shadow Minister (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to help ensure that SMEs surpass pre-covid-19 outbreak production levels.

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

Small businesses are benefitting from the £15 billion of targeted government support to help with the rising cost of living, bringing total cost of living support measures announced to £37 billion this year.

We have also announced an extension to the Recovery Loan Scheme, which will help smaller business access loans of up to £2 million to grow and invest. This is in addition to existing support through our Help to Grow schemes aimed at supporting business to grow and thrive.

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