Small Businesses: Finance
The question
To ask the Secretary of State for Business and Trade, whether his Department plans to provide additional funding to small businesses to help meet additional costs arising from the Autumn Budget 2024.
Answered by Gareth Thomas
The Government remains committed to helping small businesses thrive and will be publishing our Small Business Strategy next year. This will set out our vision for all small businesses, from boosting scale-ups to growing the co-operative economy.
At the Autumn Budget, the Chancellor announced £250 million for the British Business Bank’s small business finance programmes in 2025/26. Additional funding for two key growth-driving programmes was also announced for 2025/26: Growth Hubs in England and Help to Grow: Management across the UK. These programmes aim to help businesses and entrepreneurs unlock their potential through bespoke support and resources.
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