Department for Business and Trade written question – answered on 23rd March 2023.
Lord Taylor of Warwick
Non-affiliated
To ask His Majesty's Government what business expansion grants are available for small and medium-sized enterprises (SMEs).
Lord Johnson of Lainston
Minister of State (Department for Business and Trade)
Businesses of all sizes can access government-backed finance from the British Business Bank. The Start Up Loans Company provides loans and pre- and post-application support to new entrepreneurs, including a year of free business mentoring for successful applicants. The Recovery Loan Scheme helps smaller businesses access loans and other kinds of finance up to £2 million per business group so they can grow and invest. Additionally, SMEs seeking to grow through exports can access the Export Academy and UK Export Finance.
The newly-launched Help to Grow website contains links to the full range of government funding available to small businesses.
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