Small Businesses: Finance
The question
To ask the Secretary of State for Business and Trade, what assessment the Government has made of the potential impact of differential per capita funding levels between devolved and non-devolved regions on small and medium-sized enterprises considering business location decisions.
Answered by Blair McDougall
The Government’s Industrial Strategy sets out a long-term plan to support growth across the UK. Delivering the Industrial Strategy, regulatory reform and other steps will help to ensure the UK remains competitive, delivers long-term sustainable growth and that its economic fundamentals remain strong.
To assist all Growth Hubs in long-term planning, we will establish indicative multi- year core funding budgets for 2026-29 and provide flexibility to accommodate local government reorganisation. This funding will form part of the Integrated Settlement in Established Mayoral Strategic Authorities, per our commitment in the English Devolution White Paper.
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