(2 years, 4 months ago)
Commons ChamberI thank my hon. Friend for promoting the great opportunities for British food and drink. The Royal Welsh show is a great institution and I am sure that everyone on the Government side of the House thanks Steve Hughson for his endeavours.
Small and medium-sized businesses make up a huge part of Britain’s economy, accounting for over 60% of employment and more than half of all turnover from the UK private sector. The Department for International Trade is doing all it can to help businesses overcome the barriers that the protectionist bloc of the European Union now imposes when consumers seek to buy goods from elsewhere in the world.
The only thing that Brexit has brought for many small businesses in Bath is increased costs, paperwork and border delays, as has been confirmed by the Public Accounts Committee—more barriers, not less. Small businesses are the lifeblood of our economy. Will the Government please reintroduce the SME Brexit support fund, with a simplified application process and a significantly expanded remit?
I am proud of the endeavours of my colleagues and those in local enterprise partnerships up and down the UK in disbursing the £38 million internationalisation fund to support businesses as we go through some of the changes that result from leaving the European Union and seek opportunities elsewhere in the world. I will of course undertake to look at any way we can make it simpler for small businesses, in particular, to engage with the Department.
I am sorry to hear that the exports of the hon. Lady’s local businesses are falling. That is not the general experience in the UK; the value of exports was up 9% in the 12 months to the end of March. If she would like, I will write to her with the comprehensive set of measures that I hope she and other hon. Members will take the summer months to promote to small businesses in their constituencies.