Small and Medium-sized Enterprises: Interest Rates Debate

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Department: Department for Business and Trade

Earl of Effingham

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Small and Medium-sized Enterprises: Interest Rates

Earl of Effingham Excerpts

Reinforced Autoclaved Aerated Concrete: Hospitals
Wednesday 13th September 2023

(1 year, 2 months ago)

Lords Chamber
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Earl of Effingham Portrait The Earl of Effingham (Con)
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My Lords, I speak frequently with small and medium-sized businesses, and I refer to my interests in the register. Can my noble friend say what the Government are doing to publicise the availability of help for the SME community?

Earl of Minto Portrait The Earl of Minto (Con)
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I thank my noble friend for his question. The Government want the UK to be the best place to start and grow a business and to support new entrepreneurs, regardless of their background. That is definitive. In the DBT, we have officials throughout the country who run workshops and who help and advise wherever they can. The British Business Bank reaches out wherever it possibly can to help and support SMEs. Indeed, in the other place, we have an SME Minister who, with his team, is extremely active in engaging the sector.

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