Question to the Department for Business and Trade:

To ask His Majesty's Government what assessment they have made of the current level of confidence in the economy among small businesses; and how they plan to support small businesses.

Small businesses are vital to our communities and are essential to our economic success. Whilst we recognise the business environment has been difficult in recent times for many small businesses, according to the Lloyds Bank Business Barometer business confidence rose in June 2025 and is at its highest since 2015.

The upcoming SME Strategy Paper will outline our vision for small businesses to boost scale-ups, revitalise high streets, improve access to finance and markets. We are engaging with small business owners on the development of the Business Growth Service (BGS), to ensure that we deliver on our mission to make it easier for businesses to get the support they need to grow and thrive.