Small Businesses: Government Assistance

Department for Business and Trade written question – answered on 23rd March 2023.

Alert me about debates like this

Photo of Lord Taylor of Warwick 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).

Photo of Lord Johnson of Lainston 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.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.