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1579933

registered interest
date	23/01/2023
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to provide further support to Small and Medium Sized Enterprises (SMEs) experiencing a shortage of financial resources to help them survive in the current economic conditions.
tabling member printed	Lord Taylor of Warwick
uin	HL4996
answer	answer is ministerial correction date of answer 06/02/2023 answer text <p>Businesses will have benefitted from the Government’s reversal of the National Insurance rise, saving SMEs approximately £4,200 on average, the cut to fuel duty for 12 months and raising the Employment Allowance to £5,000.</p><p> </p><p>The Energy Bill Relief and Energy Bill Discount Schemes will protect SMEs from high energy costs over the winter. The Autumn Statement announced £13.6 billion of support for businesses over the next five years, reducing the burden of business rates for SMEs.</p><p> </p><p>Support is available to SMEs across the UK through the Recovery Loan Scheme and the Start-Up loan scheme. The latter has provided 100,228 SMEs with Start-Up loans to the value of £941,064,690.</p> answering member printed Lord Callanan question first answered 06/02/2023 17:16:49 answering member 4336 label Biography information for Lord Callanan
tabling member	1796 label Biography information for Lord Taylor of Warwick

1399450

registered interest
date	04/01/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 23 November 2021 to Question 77452 on Future Fund, what steps his Department is taking to tackle disparities in equity finance across the regions.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	96871
answer	answer is ministerial correction date of answer 10/01/2022 answer text <p>The Government reaffirmed its commitment to supporting equity finance across the UK at the 2021 Spending Review. We announced over £1.6 billion of new funding for the British Business Bank’s (BBB) regional investment funds, which provide debt and equity finance for SMEs to help them with their next stage of growth.</p><p> </p><p>This funding will allow the BBB to set up new funds in Scotland and Wales and build on its existing activity in Northern Ireland. It will also see existing regional funds expand to allow businesses in the North East and South West of England to benefit from debt and equity finance provision.</p><p> </p><p>We have also committed an additional £150 million to the Regional Angels Programme, which helps entrepreneurs across the UK access early-stage equity finance. Of the initial £100m commitment through this programme, 80 per cent went to businesses outside London and the South East of England.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 10/01/2022 17:21:40 answering member 4414 label Biography information for Paul Scully
tabling member	4124 label Biography information for Chi Onwurah

1256385

registered interest
date	27/11/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they provide local authorities with (1) guidance, or (2) obligations, in relation to funding provided by the Small Business Fund; and if so, whether the funding provided by Harrogate Council to the Harrogate Conservative Association is in line with any such guidance or obligations.
tabling member printed	Lord Willis of Knaresborough
uin	HL10841
answer	answer is ministerial correction date of answer 11/12/2020 answer text <p>Local Authorities were provided with initial guidance on 24 March 2020 regarding the eligibility and distribution of the Small Business Grant Fund.</p><p> </p><p>Under the Small Business Grant Fund, all business hereditaments which were on 11 March in receipt of either the Small Business Rates Relief or the Rural Rates Relief in the business rates system were eligible for a payment of £10,000. Eligible recipients were entitled to receive one grant per qualifying hereditament.</p><p> </p><p>Local Authorities were responsible for determining eligibility for the Small Business Grant Fund in line with the guidance provided to them.</p> answering member printed Lord Callanan question first answered 11/12/2020 14:11:44 answering member 4336 label Biography information for Lord Callanan
tabling member	4151 label Biography information for Lord Willis of Knaresborough

984895

registered interest
date	10/10/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to improve access to finance for small businesses in (a) Kettering and (b) England.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	177660
answer	answer is ministerial correction date of answer 15/10/2018 answer text <p>Improving access to finance is the mission of the Government-owned British Business Bank, which addresses gaps in the finance market through guarantees, debt and equity finance. The bank is currently supporting around £5.2 billion of finance to almost 75,000 businesses across the United Kingdom, including through British Patient Capital, a £2.5bn fund for long-term equity investment.</p><p>From March 2012 to July 2018, the Start-Up Loans initiative delivered more than 57,000 loans across all parts of the UK, lending a total of £436 million and contributing to the creation of more than 56,600 jobs. Over the same period, 49 start-up loans with a total value of £366,644 were awarded to entrepreneurs in Kettering.</p><p>Access to invoice finance is an issue for many small businesses, because of terms in commercial contracts that prohibit or restrict them from assigning the value of their invoices. I have recently introduced regulations to ensure that any such contractual restrictions entered into after 31 December 2018, with certain exceptions, would have no effect and could be disregarded by small businesses and finance providers. This new measure is expected to provide a long-term boost to the UK economy worth almost £1billion.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 15/10/2018 16:01:53 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	1537 label Biography information for Mr Philip Hollobone

905325

registered interest
date	15/05/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Finance
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of emerging forms of business financing for small and medium enterprises by institutions like PayPal and Amazon.
tabling member printed	Lord Taylor of Warwick
uin	HL7916
answer	answer is ministerial correction date of answer 23/05/2018 answer text <p>The UK is fortunate in having one of the most diverse finance markets in the world, enabling businesses to start up, invest and grow. The Government welcomes new business finance providers and products that make a positive contribution to a diverse, competitive and fair market. We are working to improve access to finance for small and mid-sized businesses through targeted interventions, the majority of which are delivered in partnership with the Government-owned British Business Bank.</p><p> </p><p>Government continually monitors the operation of finance markets and the availability of finance to SMEs. A comprehensive analysis of business financing for small and medium enterprises is published annually by the British Business Bank and is available as attached.</p><p> </p><p> </p> answering member printed Lord Henley question first answered 23/05/2018 15:40:33 answering member 2616 label Biography information for Lord Henley attachment 1 file name Small-Business-Finance-Markets-2018-Report-web.pdf title BBB - Small Business Finance Markets report 2017-8
tabling member	1796 label Biography information for Lord Taylor of Warwick

674497

registered interest
date	17/01/2017
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to increase the financial support available for small businesses; and if he will make a statement.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	60473
answer	answer is ministerial correction date of answer 20/01/2017 answer text <p>The British Business Bank is supporting £3.2 billion of finance to over 51,000 smaller businesses across the UK. This includes over 44,000 Start-Up Loans worth over £275 million. At a local level, the Bank is working alongside 10 Local Enterprise Partnerships in the Northern Powerhouse region to deliver a fund of over £400 million and in the Midlands Engine region the Bank is working with Local Enterprise Partnerships to deliver a fund of over £250 million, once launched these funds will be available to support small businesses in these regions.</p><p>Innovate UK, the UK’s innovation agency, helps high-growth potential SMEs become high-growth mid-sized companies. Its core budget is £567 million in 2016/17 and around 60% of Innovate UK’s grant funding goes to SMEs</p> answering member constituency Stourbridge answering member printed Margot James question first answered 20/01/2017 14:56:21 answering member 4115 label Biography information for Margot James
tabling member	308 label Biography information for Mr Jim Cunningham