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star this property registered interest false more like this
star this property date less than 2019-07-17more like thismore than 2019-07-17
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
unstar this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Small Businesses: Government Assistance more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to provide (a) advice, (b) support and (c) services for small business owners looking to grow their business. more like this
star this property tabling member constituency Coventry South more like this
star this property tabling member printed
Mr Jim Cunningham more like this
star this property uin 278354 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2019-07-22more like thismore than 2019-07-22
star this property answer text <p>Through our ambitious, modern Industrial Strategy we are working to make the UK the best place to start and grow a business. We are committed to ensuring all small businesses have access to the advice and support they need to succeed to start, grow, and scale their businesses.</p><p>All businesses can access core services, information and guidance on starting up and running a business, as well as their statutory rights and obligations, on our GOV.UK sites and <a href="http://www.gov.uk/browse/business" target="_blank">www.gov.uk/browse/business</a>. The Business Finance and Support Finder tool on the website provides information on how to access a wide range of Government-backed financial support for start-up businesses, such as funding and grant schemes.</p><p>The Business Support Helpline forms a key part of the Government’s offer to SMEs in England, providing trusted and joined-up information and sign-posting businesses to relevant sources of support. The Helpline number is 0300 456 3565. In 2018, it helped 31,500 businesses, of which 65% were entrepreneurs and start-ups.</p><p>The network of 38 Growth Hubs across England (one in each Local Enterprise Partnership area) provide businesses with tailored advice and support, as a dedicated, free and impartial ‘single point of contact’. At the end of FY18/19, Government had invested £56.4 million in Growth Hubs, with a further £12 million committed of core grant funding to LEPs for Growth Hubs for the FY19/20 funding period. LEPS have self-reported that in FY17/18 their Growth Hubs supported over 130,000 businesses, of which over 13,000 received high intensity support of 12 hours or more. They helped over 8,000 individuals start a business and achieved an average customer satisfaction rate of 89.5%.</p><p>The Government-backed British Business Bank is there to make finance markets work better for small businesses at all stages of their development. The Bank’s programmes are currently supporting over £6.6bn of finance to over 89,000 smaller businesses (as at end-March 2019). The British Business Bank’s Start-Up Loans programme provides loans to entrepreneurs seeking to start and grow their own businesses. Since 2012, the Programme has delivered almost 65,000 loans, worth nearly £511m to small businesses (as at end-June 2019).</p><p>Finally, we are working to make small business owners more aware of the wide range of advice and support available to them. We continue to develop our online support through GOV.UK, ensuring SMEs can access the key information they need on running their business any time they wish. And we are also improving SME awareness of finance options: the British Business Bank helps publish the Business Finance Guide, and has launched an online Finance Hub, an online advice platform aimed at raising awareness of appropriate finance options for SMEs.</p>
star this property answering member constituency Rochester and Strood more like this
star this property answering member printed Kelly Tolhurst more like this
star this property grouped question UIN 278355 remove filter
star this property question first answered
less than 2019-07-22T16:54:59.627Zmore like thismore than 2019-07-22T16:54:59.627Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
308
unstar this property label Biography information for Mr Jim Cunningham more like this