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Written question asked by Tanmanjeet Singh Dhesi (Labour) on Wednesday, 21 May 2025, in the House of Commons. It was due for an answer on Monday, 2 June 2025. It was answered by Gareth Thomas (Labour) on Tuesday, 3 June 2025 on behalf of the Department for Business and Trade.


Sole Traders: Finance

Question

To ask the Secretary of State for Business and Trade, what assessment he has made of the adequacy of the accessibility of financial support available for sole traders.

Answer

Small businesses are the heart of our high streets and communities and are essential to our vision for growth and economic success.

The Government is committed to improving access to finance for small businesses, including sole traders, so they can grow and reach new domestic and international markets. Sole traders can benefit from the Start Up Loans programme, which helps entrepreneurs access the finance and mentoring advice they need to make their business ideas a reality.

Additionally, UK Export Finance offers financial support to boost export activities and helps exporters win contracts, fulfil orders, and make payment guarantees.


Secondary information

Type
Written question
Reference
53954
Session
2024-26
Subjects
Finance Sole traders
Contains statistics
Yes
Link
View this Written question on www.parliament.uk