Small Businesses: Capital Investment
The question
To ask the Secretary of State for Business and Trade, what modelling his Department has undertaken on the anticipated economic impact of expanding SME access to growth capital.
Answered by Blair McDougall
The economic impacts of increased access to capital are modelled by the British Business Bank drawing on independent evaluation evidence. The Bank models impact on job creation and economic output in the form of incremental gross value added (GVA).
Over its first decade to 2023/24, the Bank has supported more than 200,000 businesses with an estimated boost to UK economic output of approximately £43 billion over the lifetime of their finance.
The 24,000 businesses newly funded by the Bank in 2024/25 are expected to increase UK economic output by a further £8 billion and create 38,000 jobs over the lifetime of their finance.
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