Written question asked by Sonia Kumar (Labour) on Wednesday, 17 June 2026, in the House of Commons. It was due for an answer on Tuesday, 23 June 2026 (named day). It was answered by Rachel Blake (Labour) on Tuesday, 23 June 2026 on behalf of the Treasury.
Bank Services: Small Businesses
- Question
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To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure SMEs have equitable access to finance from banks.
- Answer
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The Government has an ambitious agenda to support UK SMEs and drive growth across bank and non-bank lending. We have increased the British Business Bank’s funding, bringing their capacity to £25.6bn, to support initiatives such as the Growth Guarantee Scheme to stimulate the provision of finance to SMEs. Meanwhile, reforms to credit data sharing and work to develop Open Finance aim to boost competition and address information gaps. Changes to bank capital and ringfencing also support a proportionate, effective framework for SME finance
Secondary information
- Type
- Written question
- Reference
- 900575
- Session
- 2026-27
- Question not reached
- Yes
- Subjects
- Bank services Banks Finance Small businesses
- Link
- View this Written question on questions-statements.parliament.uk
Librarians' tools
- Timestamp
- 2026-08-05 12:17:20 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/900575
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/900575
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/900575