To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans his Department has to help increase the survival rate of micro-businesses in rural and isolated communities.
9 June 2022
The Government is providing a range of support to help small and medium-sized businesses across the UK with rising costs, including those in rural communities. The Government has cut fuel duty for 12 months, raised the Employment Allowance to £5,000, and is zero-rating VAT on energy-saving materials. This builds on existing support, including business rates relief worth £7 billion over five years.
Additionally, Help to Grow programmes will enable eligible SMEs to mitigate the effects of rising costs by providing financial discounts on approved digital technologies up to a value of £5000 and improving SME leadership and management skills though subsidised courses.