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1472805

registered interest
date	23/06/2022
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	New Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has made a recent assessment of the potential merits of incubator hubs for (a) new businesses and (b) the shared business community.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	23757
answer	answer is ministerial correction date of answer 29/06/2022 answer text <p>Incubators and accelerators play a crucial role in helping entrepreneurs start and grow their business. In 2019, BEIS published a research paper on the Impact of Business Incubators and Accelerators in the UK, available here:</p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/839755/The_impact_of_business_accelerators_and_incubators_in_the_UK.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/839755/The_impact_of_business_accelerators_and_incubators_in_the_UK.pdf</a>.</p><p> </p><p>The UK Innovation Strategy, published in July 2021, sets out the Government’s vision to make the UK a global hub for innovation by 2035. In order to support delivery on the four pillars of the Strategy, BEIS is increasing funding for core Innovate UK programmes by 66% to £1.1 billion in 2024-2025. This will further help connect UK companies to the capital, skills and connections needed to innovate and grow.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 29/06/2022 08:56:08 answering member 4414 label Biography information for Paul Scully
tabling member	4471 label Biography information for Rachael Maskell

1403312

registered interest
date	17/01/2022
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	New Businesses
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 plans his Department has to provide support to people seeking to start a new business.
tabling member constituency	Feltham and Heston
tabling member printed	Seema Malhotra
uin	105534
answer	answer is ministerial correction date of answer 25/01/2022 answer text <p>We are committed to providing support to people seeking to start new businesses. We provide access to finance to people who want to start a business through the British Business Bank (BBB). The Start Up Loans Company, part of the BBB, has delivered 89,934 loans across the UK with a value of more than £811.67 million since the Start Up Loans programme’s launch in 2012 to the end of November 2021.</p><p> </p><p>Our network of 38 Growth Hubs across England, provides key services to new businesses offering free information and 1-1 advice, alongside our free Business Support Helpline. Growth Hubs offer triage, diagnostic and signposting services to make sure that all businesses know what support is available and know how to apply.</p><p> </p><p>The Government’s business advice pages on GOV.UK also provide information and guidance relevant to starting, growing and maintaining a business, as well as their statutory rights and obligations, and links to support provided by devolved administrations in Scotland, Wales, and Northern Ireland. All details can be found online: <a href="http://www.gov.uk/browse/business" target="_blank">www.gov.uk/browse/business</a>.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 25/01/2022 17:10:35 answering member 4414 label Biography information for Paul Scully
tabling member	4253 label Biography information for Seema Malhotra

1281584

registered interest
date	28/01/2021
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	New Businesses
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 support people to set up their own business once covid-19 restrictions are eased.
tabling member constituency	Morley and Outwood
tabling member printed	Andrea Jenkyns
uin	145081
answer	answer is ministerial correction date of answer 02/02/2021 answer text <p>The Government aims to make the United Kingdom the best place to start, grow and run a business. The Government provides a wide range of support and information for small businesses. The main source of information is the GOV.UK website, with support 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 Government understands that accessing finance can be a barrier to small and medium businesses (SMEs) starting out. This is why we established the Start Up Loans programme in 2012. For those starting a new business or for businesses which have been trading for up to 24 months, the Start Up Loans Company provides loans of between £500 to £25,000 at a competitive rate of 6%. In addition to finance, every loan recipient is offered a dedicated mentoring service and access to a free expert business mentor for 12 months to help them with every aspect of setting up a business. The Start Up Loans programme, operated by the British Business Bank, has delivered almost 77,000 loans overall in the UK, supporting nearly £650 million of funding since the programme’s launch in 2012 to the end of September 2020.</p><p> </p><p>In summer 2018, the British Business Bank also launched a website that offers independent and impartial information on different finance options for scale-up, high growth and potential high growth businesses. The site features infographics and checklists to help businesses get ‘investor ready’ as well as articles and guides from finance providers on how smaller businesses can identify and access finance suited to their growth ambitions. At its heart is the Finance Hub’s Finance Finder, a simple six-step tool that enables smaller business to explore and identify finance options suited to their needs. In light of the coronavirus pandemic, the Finance Hub has been updated to clearly signpost the financial support options available for businesses during this period of economic uncertainty.</p><p> </p><p>Further initiatives include the BEIS-led Small Business Leadership Programme and Peer-to-Peer networks, to help businesses build resilience and grow. The Young Innovators Programme was also launched by Innovate UK and the Prince’s Trust to support young entrepreneurs with tailored mentoring and access to £5,000 funding.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 02/02/2021 15:55:14 answering member 4414 label Biography information for Paul Scully
tabling member	4490 label Biography information for Dame Andrea Jenkyns

1232978

registered interest
date	09/09/2020
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	New Businesses
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 additional support the Government is providing to help start up businesses establish themselves in the current economy.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	87594
answer	answer is ministerial correction date of answer 17/09/2020 answer text <p>The Department for Business, Energy and Industrial Strategy (BEIS) aims to make the UK the best place to start, scale up and grow a business.</p><p> </p><p>The Start Up Loans Company, part of the British Business Bank, provides government-backed business loans of up to £25,000 at a fixed interest rate of 6% per annum with repayment terms of 1 to 5 years. As well as finance, every loan recipient is also offered a dedicated mentoring service and access to a free expert business mentor for 12 months to help them with every aspect of setting up a business. At the end of March 2020, the Start Up Loans programme had delivered more than 71,500 loans, providing more than £586 million of funding.</p><p> </p><p>For new businesses starting up or for existing businesses wishing to scale up, all advice and guidance – including employee support, tools to identify the right finance, and checklists for setting up the business in line with regulations – the main source of information is the GOV.UK website, with support also available via the Business Support Helpline on FREEPHONE 0800 998 1098 and the British Business Bank online Finance Hub.</p><p> </p><p>Start up businesses may also contact the network of 38 local Growth Hubs in England. These are a gateway for local information, guidance, and expertise for businesses across England, including on taxes, finance and funding schemes.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 17/09/2020 16:33:58 answering member 4414 label Biography information for Paul Scully
tabling member	4471 label Biography information for Rachael Maskell

1182216

registered interest
date	03/03/2020
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	New Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many business start-ups there were in (a) Bexley, (b) London and (c) England in each year since 2010.
tabling member constituency	Bexleyheath and Crayford
tabling member printed	Sir David Evennett
uin	24254
answer	answer is ministerial correction date of answer 11/03/2020 answer text <p>The table below provides ONS data on new business registrations for VAT and/or PAYE (ONS Business Demography 2018 – Enterprise births, deaths and survivals).</p><p> </p><p>To Note: Data is not available for periods earlier than 2013 or later than 2018.</p><p> </p><p> </p><table><tbody><tr><td><p><strong>Region</strong></p></td><td><p><strong>2013</strong></p></td><td><p><strong>2014</strong></p></td><td><p><strong>2015</strong></p></td><td><p><strong>2016</strong></p></td><td><p><strong>2017</strong></p></td><td><p><strong>2018</strong></p></td></tr><tr><td><p><strong>Bexley</strong></p></td><td><p>1,340</p></td><td><p>1,455</p></td><td><p>1,605</p></td><td><p>1,640</p></td><td><p>1,410</p></td><td><p>1,300</p></td></tr><tr><td><p><strong>London</strong></p></td><td><p>83,600</p></td><td><p>88,580</p></td><td><p>100,920</p></td><td><p>102,135</p></td><td><p>92,300</p></td><td><p>97,300</p></td></tr><tr><td><p><strong>England</strong></p></td><td><p>308,565</p></td><td><p>312,920</p></td><td><p>344,065</p></td><td><p>373,580</p></td><td><p>339,345</p></td><td><p>340,045</p></td></tr></tbody></table> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 11/03/2020 17:56:40 answering member 4414 label Biography information for Paul Scully
tabling member	1198 label Biography information for Sir David Evennett

1178945

registered interest
date	21/02/2020
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	New Businesses
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 number of business start-ups in (a) North East Bedfordshire constituency, (b) Bedfordshire and (c) the UK in each year since 2010.
tabling member constituency	North East Bedfordshire
tabling member printed	Richard Fuller
uin	18513
answer	answer is ministerial correction date of answer 02/03/2020 answer text <p>The table below provides ONS data on new business registrations for VAT and/or PAYE (ONS Business Demography 2018 – Enterprise births, deaths and survivals).</p><p> </p><p>Notes:</p><p>1) Timeseries data for business births is not available at Parliamentary Constituency level but we can provide figures as below for the three districts which make up Bedfordshire.</p><p>2) Data is not available for periods earlier than 2013 or later than 2018.</p><p> </p><p> </p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>UK</strong></p></td><td><p><strong>Bedfordshire (county)</strong></p></td><td><p><strong>Bedford (district)</strong></p></td><td><p><strong>Central Bedfordshire (district)</strong></p></td><td><p><strong>Luton (district)</strong></p></td></tr><tr><td><p><strong>2013</strong></p></td><td><p>346275</p></td><td><p>3450</p></td><td><p>875</p></td><td><p>1540</p></td><td><p>1035</p></td></tr><tr><td><p><strong>2014</strong></p></td><td><p>350305</p></td><td><p>3560</p></td><td><p>870</p></td><td><p>1550</p></td><td><p>1140</p></td></tr><tr><td><p><strong>2015</strong></p></td><td><p>382755</p></td><td><p>3990</p></td><td><p>980</p></td><td><p>1585</p></td><td><p>1425</p></td></tr><tr><td><p><strong>2016</strong></p></td><td><p>413900</p></td><td><p>10370</p></td><td><p>1065</p></td><td><p>4865</p></td><td><p>4440</p></td></tr><tr><td><p><strong>2017</strong></p></td><td><p>381885</p></td><td><p>4915</p></td><td><p>925</p></td><td><p>2245</p></td><td><p>1745</p></td></tr><tr><td><p><strong>2018</strong></p></td><td><p>380580</p></td><td><p>4710</p></td><td><p>910</p></td><td><p>2200</p></td><td><p>1600</p></td></tr></tbody></table> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 02/03/2020 17:00:56 answering member 4414 label Biography information for Paul Scully
tabling member	3912 label Biography information for Richard Fuller