Oral Answers to Questions

Luke Evans Excerpts

Tuesday 25th May 2021 Commons Chamber

[Amanda Solloway]

BEIS is working with Departments across Government to implement the plan for growth, with its focus on infrastructure, innovation and skills. That will have the effect of making the UK more attractive in terms of inward investment, cementing our place as a global science superpower and potentially increasing investment in areas such as Thames valley, which already boasts a number of world-class manufacturing companies.

[Dr Luke Evans (Bosworth) (Con)]

What steps he is taking to support entrepreneurship.

[The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Paul Scully)]

Our start-up loans programme has a phenomenal track record of backing budding entrepreneurs. We have supported more than 83,000 people across the UK with £733.5 million in loans. The British Business Bank’s new “UK Unlocked” campaign supports all entrepreneurs to access the right finance to start and grow.

[Dr Evans [V]]

I am really pleased to hear the Minister’s response, and I am grateful for the financial backing the Government give, but for someone sat in Bosworth with a great idea, one of the hardest things they struggle to come up with is where to start, so what are the Government doing to signpost people who want to start a business who are asking exactly that question?

[Paul Scully]

The answer to this question is to go to the Coventry and Warwickshire local enterprise partnership growth hub. There are 38 growth hubs around the country that are one-stop shops to get access to that. We are helping SMEs navigate the business finance landscape through those growth hub networks as well. Our detailed business support webpages provide advice for businesses of all sizes across the UK.