New Businesses: Aldridge-Brownhills
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the high growth accelerator programme in the West Midlands on the number of new SMEs created in Aldridge-Brownhills constituency.
Answered by Gareth Thomas
The High Growth Accelerator is a great example of locally led business growth delivered by the West Midlands Combined Authority through Business Growth West Midlands.
Last year’s pilot saw fifty SMEs on track to boost investment and turnover by £20m with the West Midlands. The High Growth Accelerator continues into its second year, and the Department will be working closely with the Combined Authority to support its outcomes.
DBT will be launching its New Business Growth Service which will make it easier and quicker for SMEs to find government advice and support and will be an integral part of the SME Strategy that will be published in 2025.
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