Small Businesses: Government Assistance

(asked on 7th March 2023) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government what business expansion grants are available for small and medium-sized enterprises (SMEs).


Answered by
 Portrait
Lord Johnson of Lainston
Minister of State (Department for Business and Trade)
This question was answered on 23rd March 2023

Businesses of all sizes can access government-backed finance from the British Business Bank. The Start Up Loans Company provides loans and pre- and post-application support to new entrepreneurs, including a year of free business mentoring for successful applicants. The Recovery Loan Scheme helps smaller businesses access loans and other kinds of finance up to £2 million per business group so they can grow and invest. Additionally, SMEs seeking to grow through exports can access the Export Academy and UK Export Finance.

The newly-launched Help to Grow website contains links to the full range of government funding available to small businesses.

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