Small Businesses: Cornwall
The question
To ask the Secretary of State for Business and Trade, what plans his Department has to support small-medium enterprises in Cornwall, in the context of the proposed rise in employers' National Insurance contributions.
Answered by Gareth Thomas
The government is reforming business rates to offer permanent reductions for retail, hospitality, and leisure properties, which represent a significant portion of Cornwall's SMEs. We have also shielded the smallest businesses and charities from the impact of increased Employer National Insurance by raising the Employment Allowance from £5,000 to £10,500.
Looking ahead, the government has announced plans to launch a Business Growth Service, designed as a national initiative with local delivery at its core, and will publish a Small Business Strategy Command Paper later this year.
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