Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps her Department is taking to support small businesses in rural areas.
Many businesses benefitted from the £13.6 billion support package provided at Autumn Budget 2022, including those in rural communities. The government has gone further at this year’s Autumn Statement, announcing a business rates support package worth £4.3 billion. This includes protection for businesses who lose eligibility for Small Business or Rural Rate Relief through a generous Supporting Small Business scheme worth over £500 million.
The government provides extensive support to businesses, through Help to Grow Management, Business Support Helpline and a network of Growth Hubs. The Government has also increased the British Business Bank’s regional financing programmes by £1.6 billion.