Business: Stafford

(asked on 24th May 2016) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Innovation and Skills, what steps his Department is taking to support businesses in Stafford constituency.


Answered by
Anna Soubry Portrait
Anna Soubry
This question was answered on 1st June 2016

The Government is working to make the UK the best place to start and grow a business by supporting businesses across the country. In Stafford, 42 Government backed Start-Up Loans have been drawn down since September 2012 with a value of over £218,000. A Regional Growth Fund award of £4m made in 2011 has attracted private investment of £56.5 million, delivering 1,600 jobs. Since May 2010, 26 loans have been drawn down in Stafford, worth over £2.6 million, from the Enterprise Finance Guarantee scheme. Businesses in Stafford also have access to the Stoke-on-Trent & Staffordshire Growth Hub which was live from September 2014, which is one of a network of 39 Growth Hubs set up across England.

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