Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what conversations his Department has had with relevant stakeholders to improve access to finance for small and medium businesses in (a) Hexham constituency, (b) Northumberland, (c) Newcastle, (d) the North East and (e) England.

Representatives of the British Business Bank’s UK Network hold regular discussions with relevant stakeholders to improve access to finance in the North-East, as well as providing intelligence that helps inform future market interventions.

North-East businesses benefit from a range of Government finance market interventions, including the £660 million Northern Powerhouse Investment Fund II which provides debt and equity finance. From 2012 to 30 June 2025 a total of 6,442 Start Up Loans worth in aggregate £62.4 million had been issued to businesses in the North East, of which 251 loans worth in aggregate £2.7 million were to businesses in Hexham constituency.