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<p>Our Industrial Strategy aims to make Britain the best place to start and grow a
business, and a global draw for the most innovative companies. We are already doing
a lot for small and medium sized (SMEs) enterprises in the West Midlands.</p><p>Growth
Hubs help simplify the business support landscape, providing joined up access to the
full range of local and national support programmes (public and private). Since their
launch, the six Growth Hubs in the West Midlands have engaged and supported over 37,500
businesses; delivered over 2,200 intensive assists; and helped over 1,850 individuals
to start a business.</p><p>Businesses in the West Midlands can also access national
support through GOV.UK and the Business Support Helpline.</p><p>British Business Bank
programmes are currently facilitating over £629m to 3,493 businesses in the West Midlands.
In addition the Start Up loans programme has issued 4,421 loans to value of over £30m.</p><p>The
West Midlands also forms part of the Midlands Engine. A key part of the Government’s
strategy for fuelling growth in the region is the £250m Midlands Engine Investment
Fund, which aims to transform the finance landscape for smaller businesses in the
Midlands, accelerate economic growth and promote job creation. The Fund launched its
first wave, £120m of Debt and Small Business funds, in August 2017.</p><p>Alongside
this, the Government is working with the European Union to agree a deal on an implementation
period and future partnership following the UK’s exit in order to ensure a smooth
and orderly transition for businesses. Any additional support provided to small businesses
will also be informed by the outcome of these ongoing negotiations.</p><p> </p><p>
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