Asked by: Rachel Taylor (Labour - North Warwickshire and Bedworth)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, how many small and medium-sized businesses in North Warwickshire and Bedworth constituency closed between 2010 and 2024; and what steps he is taking to ensure small and medium sized businesses in North Warwickshire and Bedworth constituency receive support.
Answered by Gareth Thomas - Parliamentary Under Secretary of State (Department for Business and Trade)
This Government remains committed to helping small businesses thrive and will be publishing our Small Business Strategy next year. This will set out our vision for all small businesses, from boosting scale-ups to growing the co-operative economy. Support is also available via the Business Support Service, Gov.uk and the network of local Growth Hubs across England.
ONS does not provide business demography data at the parliamentary constituency level. Therefore, the most relevant data is from two lower tier local authorities, North Warwickshire, and Nuneaton and Bedworth.
Within North Warwickshire, Nuneaton and Bedworth, according to data from ONS, there were 4,855 registered business births and 4,665 registered businesses which ceased to trade between 2017 and 2022. There was an overall gain of 190 businesses within this five-year period. (Source: ONS Business demography)