To ask the Secretary of State for Business and Trade, what steps her Department is taking to help support the development of new small businesses.
Answered on
12 February 2024
The Government reaffirmed its commitment to all the UK’s 5.5 million small businesses with the creation of a new Small Business Council. The Council builds on the Department’s existing support for SMEs and will provide a bespoke forum for small businesses to have their voices represented within Government.
The Help to Grow website is a one-stop shop for small businesses to clearly identify what funding they can access, webinars as well as the basics of setting up a business.
Businesses can still access government-backed financial support from the Start Up Loans Company, which provides loans and support to new entrepreneurs.