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Written question asked by Lord McCabe (Labour) on Friday, 17 May 2024, in the House of Commons. It was due for an answer on Tuesday, 21 May 2024. It was answered by Johnny Mercer (Conservative) on Friday, 24 May 2024 on behalf of the Cabinet Office.


Veterans: New Businesses

Question

To ask the Minister for the Cabinet Office, what support his Department is providing to veterans to help them become entrepreneurs.

Answer

This Government is committed to making sure that our veterans have equitable access and opportunity to a full range of career options after leaving military service, including self-employment, SME (small & medium-sized enterprise) ownership and entrepreneurship.

The Government-owned British Business Bank has a specialist delivery partner, X-Forces Enterprise, for its Start Up Loans programme which specifically supports veterans, members of the wider Armed Forces community and their family members. Since 2013 there have been over 3000 Start Up Loans delivered by X-Forces Enterprise, totalling over £33 million of finance provided.


Secondary information

Type
Written question
Reference
26844
Session
2023-24
Subjects
New businesses Veterans
Link
View this Written question on www.parliament.uk