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1201702
registered interest false more like this
date less than 2020-06-09more like thismore than 2020-06-09
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
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 Businesses: Linlithgow and East Falkirk 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, Energy and Industrial Strategy, what steps his Department is taking to support micro businesses in Linlithgow and East Falkirk constituency. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day remove filter
uin 57293 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-06-17more like thismore than 2020-06-17
answer text <p>Our aim is to make the UK the best place to start, scale up and grow a business and the Government is helping small businesses across the whole of the UK access the finance and support they need to succeed.</p><p> </p><p>The British Business Bank’s (BBB) programmes are currently supporting over £7.4 billion of finance to over 93,000 small and medium sized enterprises (SMEs) across the UK. Since launching in 2012, the BBB Start-Up Loans programme has issued over 3,500 loans in Scotland, averaging £7,200 each and worth over £25m in total. This includes 102 Start-Up Loans totalling £607,358 to companies in the Linlithgow and East Falkirk constituency.</p><p> </p><p>In addition to its lending and investment activity, BBB’s online Finance Hub helps business owners to find the right finance options for their needs.</p><p> </p><p>Government has taken further steps in recent years to support the growth of small businesses across the UK, including cutting corporation tax to 19 per cent and increasing the employment allowance from £2,000 to £3,000 to benefit around 1m businesses. Reforms and reliefs to business rates, are worth £13 billion over the next five years.</p><p> </p><p> </p><p>All businesses in Scotland, including your constituency may use the Scottish Government’s dedicated website to find out about and access business support via <a href="https://findbusinesssupport.gov.scot/" target="_blank">https://findbusinesssupport.gov.scot/</a> or by telephone: 0300 303 0660. (Monday to Friday, 09:30am to 5:30pm.)</p>
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2020-06-17T09:38:10.86Zmore like thismore than 2020-06-17T09:38:10.86Z
answering member
4414
label Biography information for Paul Scully more like this
tabling member
4488
label Biography information for Martyn Day more like this