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156152
registered interest false more like this
date less than 2014-11-18more like thismore than 2014-11-18
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading Small Businesses more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Innovation and Skills, what additional support he plans to give small and medium-sized businesses in the UK. more like this
tabling member constituency Inverclyde more like this
tabling member printed
Iain McKenzie more like this
uin 215037 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-11-24more like thismore than 2014-11-24
answer text <p><strong> </strong></p><p> </p><p> </p><p> </p><p>Small businesses are vital to our economy and our small business owners have driven this economic recovery. The Inverclyde constituency has benefitted from a number of support schemes. The Business Bank’s Start-Up Loan programme has already provided 16 loans, with a value of £55,000, to people starting a business in Inverclyde. And since May 2010, the Enterprise Finance Guarantee Scheme has supported loans in the area with a total value of £970,000.</p><p> </p><p><strong> </strong></p><p> </p><p>We are committed to making Britain the best place in the world to start and grow a business, and are doing this in a number of ways:</p><p> </p><p> </p><p> </p><ul><li>£10 billion of financing will be unlocked for smaller business over the next 5 years by our British Business Bank;</li><li>Government grants of up to £3,000 for better internet connectivity are available to small businesses;</li><li>The Business Support Helpline is available to provide bespoke information and advice;</li><li>Cuts to corporation tax from 28% to 21%; and</li><li>£2,000 cut from the National Insurance bills of small firms from the new Employment Allowance.</li></ul><p> </p><p> </p><p> </p><p> </p><p> </p>
answering member constituency West Suffolk more like this
answering member printed Matthew Hancock more like this
question first answered
remove filter
answering member
4070
label Biography information for Matt Hancock more like this
previous answer version
29270
answering member constituency West Suffolk more like this
answering member printed Matthew Hancock remove filter
answering member
4070
label Biography information for Matt Hancock more like this
tabling member
4246
label Biography information for Iain McKenzie more like this