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Companies: Insolvency

Asked by Ian RoomeLiberal DemocratDepartment for Business and TradeTabled Answered 20 March 2025UIN 37869

The question

To ask the Secretary of State for Business and Trade, what steps his Department is taking to help reduce the number of corporate insolvencies.

Answered by Gareth Thomas

The Government aims to boost all businesses, across key policy areas to build business capabilities, and a strong business environment. The Government works closely with the British Business Bank to enhance small business's access to finance through targeted interventions. Under the umbrella of the Export Academy, UK Export Finance and the newly announced Business Growth Service, businesses can access support, information, training, events, and expert support from business and International Trade advisors to overcome trading and export barriers.

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