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Written question asked by Chi Onwurah (Labour) on Thursday, 15 December 2016, in the House of Commons. It was due for an answer on Monday, 19 December 2016. It was answered by Margot James (Conservative) on Friday, 23 December 2016 on behalf of the Department for Business, Energy and Industrial Strategy.


Small Businesses

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps the Government is taking to improve local infrastructure for small businesses.

Answer

This Government is committed to helping small businesses to reach their potential by creating a business environment that supports growth and encourages long-term investment. We have committed £12 billion funding for local areas from 2015-16 to 2020-21 through the Local Growth Fund. This investment has, to date, resulted in over 860 projects to improve local infrastructure, unlock housing, and boost educational attainment.

We are also backing business, by reducing corporation tax to 17% by 2020, cutting red tape by a further £10 billion and encouraging major investments in the UK’s research infrastructure.


Secondary information

Type
Written question
Reference
57844
Session
2016-17
Subjects
Infrastructure Small businesses
Link
View this Written question on www.parliament.uk