Small Businesses: Ealing North

Department for Business, Energy and Industrial Strategy written question – answered on 23rd January 2023.

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Photo of James Murray James Murray Shadow Financial Secretary (Treasury)

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many SMEs in Ealing North constituency have received Government funding for support during the cost of living crisis.

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

The Government recognises the impact rising prices are having on businesses.

Businesses in Ealing North will have benefitted from the Government’s reversal of the National Insurance rise, saving SMEs approximately £4,200 on average, the cut to fuel duty for 12 months and raising the Employment Allowance to £5,000. The Energy Bill Relief and Energy Bill Discount Schemes will protect SMEs from high energy costs over the winter. The Autumn Statement, announced £13.6 billion of support for businesses over the next five years, reducing the burden of business rates for SMEs.

The Government is providing financial support - 206 SMEs in Ealing North have received Start Up loans to the value of £2,203,440, as of December 2022.

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