Small Businesses: Closures and Contracts
(asked on 10th March 2026) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what estimate he has made of the number of small to medium sized enterprises that are planning to close or contract over the 2026-2027 financial year.
Answered by
Blair McDougall
Parliamentary Under Secretary of State (Department for Business and Trade)
The government is not able to make predictions on total future numbers of businesses starting, closing or contracting. Our plan is to make the UK the best place to start and grow a business, with a culture that supports entrepreneurship in every community and high street.
Our Small Business Plan, launched in July 2025, contains over 200 targeted actions, which will make a real difference to the day-to-day trading operations of small and medium sized businesses and give them the right support to grow and thrive.