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Small Businesses: Government Assistance

Question for Department for Business, Energy and Industrial Strategy

UIN 908443, tabled on 8 January 2019

What recent steps he has taken to support small businesses.

Answered on

8 January 2019

Through our modern Industrial Strategy, we are making the UK one of the best places in the world for businesses to start up and grow.

The Government-owned British Business Bank is supporting nearly 78,000 small businesses with over £5.5 billion of finance; and we’ve extended funding for the Start Up Loans Company until 2021, supporting 10,000 more entrepreneurs.

We’re also providing £56m of funding to boost business productivity, including £11m to create a Small Business Leadership Programme.

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