Small Businesses: Cornwall

(asked on 4th February 2025) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what plans his Department has to support small-medium enterprises in Cornwall, in the context of the proposed rise in employers' National Insurance contributions.


Answered by
Gareth Thomas Portrait
Gareth Thomas
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 11th February 2025

The government is reforming business rates to offer permanent reductions for retail, hospitality, and leisure properties, which represent a significant portion of Cornwall's SMEs. We have also shielded the smallest businesses and charities from the impact of increased Employer National Insurance by raising the Employment Allowance from £5,000 to £10,500.

Looking ahead, the government has announced plans to launch a Business Growth Service, designed as a national initiative with local delivery at its core, and will publish a Small Business Strategy Command Paper later this year.

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