Small Businesses: Finance
The question
To ask the Secretary of State for Business and Trade, if he will take steps to improve small businesses’ ability to access finance.
Answered by Gareth Thomas
Small businesses are the beating heart of our high streets, our communities, and essential to our economic success. This Government will hardwire the voice of small business into everything we do.
The Government is committed to improving access to finance for small businesses by reforming the British Business Bank and freeing up capital for small and medium-sized firms so they can expand. We have also announced our plan to align key institutions under the National Wealth Fund, which will boost growth and unlock investment. They can also access support from UK Export Finance, which helps UK exporters win contracts, fulfil orders, and receive payment by providing guarantees, insurance and loans to support export activities.
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