Financial Services: Small Businesses
The question
To ask the Chancellor of the Exchequer, what plans her Department has to improve access to finance for small and mid-sized quoted companies.
Answered by Lucy Rigby
The UK’s capital markets play a key role in delivering on the government’s growth mission. We have already delivered an ambitious set of reforms to make it easier for firms to start, scale, list and stay on UK markets, and capital markets are a core pillar of the Financial Services Growth and Competitiveness Strategy, launched at Mansion House.
The UK is also a hub for growth capital, with UK growth markets providing funding to growing companies from across the world. Over the last 10 years, over half of all capital raised on European growth markets was raised on AIM.
The government maintains a range of targeted tax reliefs for growth market shares, supporting capital raising for listed businesses, and investors in those shares. This supports growth in the broader UK economy.
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