Small Businesses: Health

Department for Business and Trade written question – answered at on 19 May 2023.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask His Majesty's Government what steps they are taking to support small business owners struggling with low levels of wellbeing.

Photo of Lord Johnson of Lainston Lord Johnson of Lainston Minister of State (Department for Business and Trade)

Government has taken action to support small businesses by reversing the National Insurance rise, saving small businesses approximately £4,200 on average, as well as raising the Employment Allowance to £5,000.

The network of 38 Growth Hubs across England provides access to information and advice to SMEs, alongside our free Business Support Helpline. Businesses can also use the Apprenticeship Service to find out about funding to pay for apprenticeships.

Furthermore, small businesses can access the Recovery Loan Scheme which helps smaller businesses access loans and other kinds of finance up to £2 million per business group so they can grow and invest.

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