Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps the Government is taking to improve local infrastructure for small businesses.
This Government is committed to helping small businesses to reach their potential by creating a business environment that supports growth and encourages long-term investment. We have committed £12 billion funding for local areas from 2015-16 to 2020-21 through the Local Growth Fund. This investment has, to date, resulted in over 860 projects to improve local infrastructure, unlock housing, and boost educational attainment.
We are also backing business, by reducing corporation tax to 17% by 2020, cutting red tape by a further £10 billion and encouraging major investments in the UK’s research infrastructure.