Small Businesses

(asked on 13th July 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 recent steps he has taken to prevent a reduction in the number of small businesses in the UK.


Answered by
Jane Hunt Portrait
Jane Hunt
This question was answered on 21st July 2022

The Government provides a range of support that all businesses can access. These include information on starting up and running a business on GOV.UK, one to one advice via our free Business Support Helpline and through 38 Growth Hubs across England, government backed Start-Up Loans, and our Help to Grow schemes.

Small businesses will also benefit from the £15 billion of targeted government support to help with the rising cost of living. This brings the total cost of living support measures announced to £37 billion this year. Government has cut fuel duty for 12 months, raised the Employment Allowance to £5,000, and is zero-rating VAT on energy-saving materials. This builds on existing support, including business rates relief worth £7 billion over five years.

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