Business: Finance

(asked on 27th January 2023) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will take steps to (a) provide emergency businesses funding grants, (b) provide utility support and (c) defer business rates for businesses in financial difficulties.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Minister of State (Department for Business and Trade)
This question was answered on 1st February 2023

In the Autumn statement, my Rt. Hon. Friend Mr Chancellor of the Exchequer announced £13.6 billion of support for businesses over the next five years. However, business rates are a matter for HM Treasury.

Following a HMT-led review, the new Energy Bill Discount Scheme, will run from April until March 2024, and will continue to provide a discount to eligible businesses on their electricity bills.

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