Business: Closures

(asked on 10th May 2022) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to help reduce the number of business deaths per quarter.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 16th May 2022

In a dynamic and competitive economy, a proportion of businesses will cease trading each year, for a range of reasons.

Recognising the impact of the pandemic on businesses across the UK, this government has provided around £400 billion of direct support to the economy since March 2020, which has helped to safeguard jobs, businesses and public services in every region and nation of the UK. This includes a total of over £26bn in business grants.

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