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Written question asked by Seema Malhotra (Labour) on Wednesday, 20 July 2022, in the House of Commons. It was due for an answer on Monday, 5 September 2022. It was answered by Jane Hunt (Conservative) on Tuesday, 6 September 2022 on behalf of the Department for Business, Energy and Industrial Strategy.


Small Businesses: Production

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to help ensure that SMEs surpass pre-covid-19 outbreak production levels.

Answer

Small businesses are benefitting from the £15 billion of targeted government support to help with the rising cost of living, bringing total cost of living support measures announced to £37 billion this year.

We have also announced an extension to the Recovery Loan Scheme, which will help smaller business access loans of up to £2 million to grow and invest. This is in addition to existing support through our Help to Grow schemes aimed at supporting business to grow and thrive.


Secondary information

Type
Written question
Reference
40783
Session
2022-23
Subjects
Production Small businesses
Link
View this Written question on www.parliament.uk