Written question asked by Mark Sewards (Labour) on Friday, 28 August 2026, in the House of Commons. It was due for an answer on Wednesday, 2 September 2026. It was answered by Blair McDougall (Labour) on Tuesday, 8 September 2026 on behalf of the Department for Business, Innovation, Science and Trade.

Construction: Small Businesses

Question: To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment he has made of the potential impact of borrowing costs on small businesses in the construction sector.

Answer: The Government recognises that borrowing costs can affect cash flow, investment decisions and growth prospects for small businesses, including those operating in the construction sector. We continue to monitor economic conditions and engage regularly with businesses and representative bodies to understand the challenges they face. The Government is supporting small and medium-sized enterprises through measures to improve access to finance, while broader economic policies are focused on delivering stability and supporting sustainable growth across the economy.

Secondary information