Oral Answers to Questions

Rob Butler Excerpts

Tuesday 3rd March 2020 Commons Chamber

[Ben Everitt (Milton Keynes North) (Con)]

12. What recent steps he has taken to support small businesses.

[Rob Butler (Aylesbury) (Con)]

22. What recent steps he has taken to support small businesses.

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

Last month we launched businesssupport.gov.uk, our new website bringing together all Government information available to help businesses start, grow and scale. In my first week, I was delighted to chair the Rose review board, which works with industry leaders to break down the barriers that female entrepreneurs face.

--- Later in debate ---

[Paul Scully]

Fortunately, questions are not answered by robot yet, so I am still here. [Interruption.] Well, there is a bit of character and it is less robotic. I believe that 50,000 deliveries have been done by Starship Technologies in Milton Keynes, so that is an excellent example. We need to make sure that small businesses can innovate, scale and grow, and we are supporting them to do so through such schemes as Innovate UK smart grants, tax credits and the annual investment allowances, and through programmes supported by the British Business Bank. Research and development tax credits are the single biggest Government support for business investment in R&D. So far, just over £4.3 billion has been claimed through those tax credits in 2017-18, £2.3 billion of which was claimed through the small and medium-sized enterprise scheme.

[Rob Butler]

Small businesses in my constituency, including in the village of Stokenchurch, frequently tell me that they find it particularly hard to make a profit on the traditional high street. What can the Minister do to help traditional town centres to thrive, and become commercial and community hubs?

[Paul Scully]

We want our town centres and high streets, including in Stokenchurch in Aylesbury, to be vibrant community hubs where people can live, shop and use services. To support that, we are delivering a £1 billion future high streets fund, as part of a £3.6 billion towns fund to level up our regions. We are committed to a fundamental review of business rates, which the Treasury will announce in due course.