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1580132

registered interest
date	24/01/2023
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	Business: Coventry
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 discussions he has had with businesses in (a) Coventry North East constituency and (b) Coventry on the potential impact of the cost of living crisis on those businesses.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	131266
answer	answer is ministerial correction date of answer 30/01/2023 answer text <p>The Government recognises the impact rising prices are having on businesses, including those in Coventry North East and Coventry constituency, and is engaging with businesses across the UK to understand these challenges and explore ways to mitigate them.</p><p> </p><p>The Government has reversed the National Insurance rise, saving SMEs approximately £4,200 on average, implemented the cut to fuel duty for 12 months and raised the Employment Allowance to £5,000. The Energy Bill Relief Scheme will protect SMEs from high energy costs over the winter.</p><p> </p><p>In addition, at the Autumn Statement, my Rt Hon Friend Mr Chancellor of the Exchequer announced £13.6 billion of support for businesses over the next five years, reducing the burden of business rates for SMEs.</p> answering member constituency Thirsk and Malton answering member printed Kevin Hollinrake question first answered 30/01/2023 15:11:52 answering member 4474 label Biography information for Kevin Hollinrake
tabling member	4378 label Biography information for Colleen Fletcher

1466523

registered interest
date	26/05/2022
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	Business: Coventry
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 his Department is taking to help support small and medium sized businesses facing rises in business costs in (a) Coventry North East constituency and (b) Coventry.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	9900
answer	answer is ministerial correction date of answer 06/06/2022 answer text <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> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 06/06/2022 16:17:32 answering member 4414 label Biography information for Paul Scully
tabling member	4378 label Biography information for Colleen Fletcher

1435594

registered interest
date	25/02/2022
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	Business: Coventry
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 estimate he has made of the amount of funding allocated from the public purse to businesses in (a) Coventry North East constituency and (b) Coventry to encourage (i) economic growth and (ii) employment in each of the last three years.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	129818
answer	answer is ministerial correction date of answer 02/03/2022 answer text <p>Through Coventry and Warwickshire LEP, £1.3m of Local Growth Funding supported a Business Investment Fund which provided funding to support business expansion projects, seed funding for new technologies and small scale infrastructure improvements to enhance access to business sites.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 02/03/2022 15:40:02 answering member 4414 label Biography information for Paul Scully
tabling member	4378 label Biography information for Colleen Fletcher

1308615

registered interest
date	13/04/2021
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	Business: Coventry
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 estimate he has made of the amount of funding allocated from the public purse to businesses in (a) Coventry North East constituency and (b) Coventry to encourage (i) economic growth and (ii) employment.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	180526
answer	answer is ministerial correction date of answer 21/04/2021 answer text <p>We aim to make the UK the best place in the world to start, run and grow a business. The Government provides a wide range of support and information for small businesses including on the GOV.UK website. Free and impartial advice is also available via the Business Support Helpline on FREEPHONE 0800 998 1098 and via the network of 38 local Growth Hubs in England.</p><p> </p><p>The Start Up Loans Programme, part of the Government-backed British Business Bank, offers loans up to £25,000, repayable at 6% per annum across 1-5 years. Across the UK, 81,608 loans have been made, worth over £707.6m from the programme’s launch in 2012 to the end of February 2021.</p><p> </p><p>Over the same period, in the Coventry North East constituency, 136 loans have been made worth £1,120,379. In the Coventry City Council area, 377 loans have been made to a value of £3,436,907. And in England 71,207 loans have been made worth £617,745,993.<sup><sup>[1]</sup></sup></p><p> </p><p>The Coventry and Warwickshire Local Enterprise Partnership (LEP) self-reported that in 2019-20, its Growth Hub engaged with 66,452 businesses/individuals (including via digital channels); directly supported 1,798 businesses, of which 77 received over 12 hours of high-level support; and helped 648 individuals start a business.</p><p> </p><p>Coventry and Warwickshire Local Enterprise Partnership (LEP) have benefitted from £131.84m in Local Growth Fund, over 3 Growth Deals, and the investments have secured over £28m in private sector investment. The LEP are also working with local partners to develop and implement a newly focused, partnership-led Strategic Framework to reset the local economy for a successful, inclusive, and resilient future. The LEP are committed to driving activities to minimise the negative economic impacts of Covid-19 in Coventry and Warwickshire. This includes the Growth Hub, which offers one-to-one advice and ongoing support to local businesses.</p><p> </p><p>Coventry has also received over £8m funding to support it as the City of Culture 2021. The City of Culture events in Coventry are due to start in May of this year, which will benefit the city in many ways. In previous years this has included increases in investors opening new businesses and more opportunities to support the local community.</p><p> </p><p>The Government’s new ‘Help to Grow’ scheme will help small businesses across the UK learn new skills, reach new customers, and boost profits. Help to Grow: Management will provide intensive management skills support to 30,000 small businesses whilst Help to Grow: Digital could support 100,000 small businesses with online advice and a voucher for software costs. BEIS will be engaging with stakeholders shortly but businesses can register their interest now at <a href="https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhelptogrow.campaign.gov.uk%2F&amp;data=04%7C01%7CBenjamin.Dixon%40communities.gov.uk%7C054f8db782054238f0f908d8f04290ac%7Cbf3468109c7d43dea87224a2ef3995a8%7C0%7C0%7C637523515973118091%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=QEhz9RnnA7kk9PhOy%2FfjyszD1AZ9BMT63Ivqe3VBggg%3D&amp;reserved=0" target="_blank">https://helptogrow.campaign.gov.uk/</a>.</p><p> </p><p><em>[1] Figures do not include regions not able to be specified. For these regions,113 loans were made worth 1,205,641 since 2012 to end February 2021.</em></p><p> </p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 21/04/2021 16:00:51 answering member 4414 label Biography information for Paul Scully
tabling member	4378 label Biography information for Colleen Fletcher

1301932

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Coventry
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking to support businesses affected by the covid-19 outbreak in (a) Coventry North East constituency and (b) Coventry.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	167222
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>In response to the unparalleled economic shock created by COVID-19, the government quickly provided one of the most comprehensive and generous packages of economic support globally, adapting the help offered as the situation evolved. This has provided timely and targeted temporary support to individuals, families and businesses up and down the UK. At the Budget, the Chancellor announced an additional £65 billion of further measures to support the economy this year and next year, taking the total cumulative cost of the COVID-19 rescue package since the start of the pandemic to £352 billion.</p><p> </p><p>Businesses in Coventry which are forced to close have been able to claim grants of up to £3,000 per month, based on their rateable value, through the Local Restrictions Support Grant (Closed). They can also claim a one-off grant of up to £9,000, in addition to the monthly grant. Businesses which are not able to receive these grants for closed businesses may be able to benefit from the Additional Restrictions Grant (ARG). At Budget we announced an additional £425 million of ARG funding, taking the total to over £2 billion. It is up to each local authority to determine eligibility for this scheme based on their assessment of local economic need; however, we encourage local authorities to support businesses which have been impacted by COVID-19 restrictions, but which are ineligible for the other grant schemes. As of 17 January, the LRSG (Closed) had provided £573 million worth of grants and the ARG has provided £143 million worth of grants.</p><p> </p><p>To support businesses through the next stage of the pandemic, the government is providing a Restart Grant of up to £18,000 to over 680,000 business premises, giving them the certainty that they need to plan ahead and safely relaunch trading over the coming months. To replace the Bounce Back Loans and Business Interruption Loans, the government is introducing a new Recovery Loan Scheme.</p><p> </p><p>Businesses are also able to access the Coronavirus Job Retention Scheme (CJRS), which was introduced to help employers whose operations have been affected by COVID-19 retain their employees and protect the UK economy. All businesses across the UK can access the scheme, which will run until the end of September 2021, with employees currently receiving 80% of their usual salary for hours not worked, up to £2,500 per month. As at 31 January, provisional statistics show that there were about 7,300 employments furloughed in the Coventry North East constituency and 20,200 in Coventry.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 16/03/2021 16:45:35 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4378 label Biography information for Colleen Fletcher

1289482

registered interest
date	24/02/2021
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	Business: Coventry
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 recent discussions he has had with the Chancellor of the Exchequer on increasing support to businesses in (a) Coventry North East constituency and (b) Coventry affected by the covid-19 outbreak.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	158075
answer	answer is ministerial correction date of answer 01/03/2021 answer text <p>There are regular Ministerial discussions within government regarding the unprecedented business support offer that has been put in place to help tackle Covid-19 and save lives. My Rt. Hon. Friend Mr Chancellor of the Exchequer will set out any further support measures in his Budget statement.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 01/03/2021 17:36:57 answering member 4414 label Biography information for Paul Scully
tabling member	4378 label Biography information for Colleen Fletcher

1289483

registered interest
date	24/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Coventry
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the adequacy of financial support schemes for businesses in (a) Coventry North East constituency and (b) Coventry during the covid-19 outbreak.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	158076
answer	answer is ministerial correction date of answer 01/03/2021 answer text <p>Throughout this crisis, the government has sought to protect people’s jobs and livelihoods while also supporting businesses and public services across the UK, including in Coventry. To do this, the government has put in place an economic package of support which will provide businesses and individuals with certainty over the coming months, even as measures to prevent further spread of the virus change. The government has spent over £280 billion this year to provide this support. Despite this, we must recognise that it will not be possible to preserve every job or business indefinitely, or stand in the way of the economy adapting and people finding new jobs or starting new businesses.</p><p> </p><p>Businesses in Coventry which are forced to close can claim grants of up to £3,000 per month, based on their rateable value, through the Local Restrictions Support Grant (Closed). They can also claim a one-off grant of up to £9,000, in addition to the monthly grant. Businesses in Coventry which are not able to receive these grants for closed businesses may be able to benefit from the Additional Restrictions Grant (ARG). We recently increased the funding available under this scheme to £1.6 billion across England. It is up to each local authority to determine eligibility for this scheme based on their assessment of local economic need; however, we encourage local authorities to support businesses which have been impacted by COVID-19 restrictions, but which are ineligible for the other grant schemes.</p><p> </p><p>Businesses are also able to access the Coronavirus Job Retention Scheme (CJRS), which was introduced to help employers whose operations have been affected by COVID-19 retain their employees and protect the UK economy. All businesses across the UK can access the scheme, which will run until the end of April 2021, with employees receiving 80% of their usual salary for hours not worked, up to £2,500 per month. As at 31 January, provisional statistics show that there were about 7,300 employments furloughed in the Coventry North East constituency, representing a roughly 12% take up rate among eligible employments.</p><p> </p><p>Businesses across the UK have also received billions in loans, tax deferrals, Business Rates relief, and general and sector-specific grants. Individuals and families have benefited from increased welfare payments, enhanced Statutory Sick Pay, a stay on repossession proceedings and mortgage holidays.</p><p> </p><p>Throughout the pandemic, HM Treasury has recognised the importance of engaging with businesses and their representative organisations. The discussions that have resulted have been of immense value to our efforts to respond effectively, at pace, to these challenges. HM Treasury continues to engage with businesses and business groups on a regular basis in order to better understand the impact the pandemic is having and to develop approaches that deliver the best outcomes for the country.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 01/03/2021 11:53:22 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4378 label Biography information for Colleen Fletcher