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<p>The Government is providing a range of support to help SMEs. Fuel duty has been
cut for 12 months, Employment Allowance raised to £5,000, and VAT has been zero-rated
on energy-saving materials. This compliments existing support, including business
rates relief worth £7 billion over five years, whilst the Help to Grow programmes
enables SMEs across England to mitigate the effects of rising costs.</p><p> </p><p>This
work builds on support to businesses in Coventry North East and Coventry itself, including:</p><ul><li>Enabling
Growth Hubs to support a total of 3,030 businesses of varying sizes. In addition,
they helped 227 individuals to start a business;</li><li>£6.09 million Getting Build
Fund towards Completing the Cultural Capital;</li><li>£131.84 million Local Growth
Deals;</li><li>£766,332 Community Renewal Fund.</li></ul>
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