To ask His Majesty's Government what steps they are taking to support the growth of start-up businesses.
Answered on
1 August 2023
The Government provides extensive support to businesses through our Help to Grow Management, Business Support Helpline and Growth Hubs. Businesses can also access government-backed financial support from the British Business Bank. The Start Up Loans Company provides loans and support to new entrepreneurs, including a year of free business mentoring for successful applicants. Since the Start Up Loans programme was launched in 2012, over 105,000 loans have been delivered with an aggregate value of more than £1bn (average loan size of £9,547), as of June 2023.
Answered by
Department for Business and Trade