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1579933
registered interest false more like this
date less than 2023-01-23more like thismore than 2023-01-23
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 remove filter
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Small Businesses: Finance remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
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. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL4996 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-02-06more like thismore than 2023-02-06
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> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2023-02-06T17:16:49.33Zmore like thismore than 2023-02-06T17:16:49.33Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this