Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what (a) grants and (b) other financial support his Department provides to (i) small and (ii) start-up businesses.

British Business Bank Programmes are supporting almost £3.5bn of finance to over 56,000 smaller businesses, and participating in a further £5.5bn to 81 mid-cap businesses (as at December 2016).

These figures are published in this Department’s annual report^[1] and in the British Business Bank’s annual report^[2].

I am pleased to note that since 2012 in the hon. Member’s constituency of Feltham and Heston, 67 start-up loans have been drawn down to a value of £497,547.

[1] https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/641623/beis-annual-report-accounts-2016-17-update-2-web.pdf

[2] https://annualreport2017.british-business-bank.co.uk/