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

To ask His Majesty's Government what steps they are taking to support businesses in the outbound travel industry in rebuilding their customer base in 2023.

Businesses in the outbound travel industry can access support through the Recovery Loan Scheme which helps smaller businesses access loans and other kinds of finance up to £2 million per business group so they can grow and invest. The finance can be used for any business purpose, including growth and investment, or working capital. Furthermore, At the Autumn Statement, my Rt. Hon. Friend Mr Chancellor of the Exchequer announced £13.6 billion of support for businesses over the next five years, reducing the burden of business rates for SMEs. This includes freezing the business rates multiplier for another year to protect businesses from rising inflation, worth £9.3 billion over the next 5 years.

The Government’s ‘Help to Grow: Management’ scheme is helping small and medium sized (SME) businesses across the UK learn new skills, reach more customers and boost profits.

All businesses can access support through 38 Growth Hubs across England providing businesses across England with free one-to-one support and advice.