VerbatimParliament, as it happens

Small Businesses

Asked by Luke MurphyLabourDepartment for Business and TradeTabled Answered 27 June 2025UIN 61380

The question

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential contribution of small and mid-sized quoted companies to the Government's growth mission.

Answered by Gareth Thomas

SMEs, including quoted companies, are an integral part of the Government’s growth mission in creating vibrant and prosperous local communities and being critical to supply chains for key industries. They are a diverse group operating in every sector, region and international market.

The SME Strategy - due to be published this summer - will set out the Government’s intentions on supporting businesses across key areas, including thriving high streets, making it easier to secure finance, improving productivity, accessing new domestic and international markets, encouraging entrepreneurship and building business capabilities such as digital adoption, whilst tackling the scourge of late payments.

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