Richard Fuller – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Richard Fuller on 2015-12-09.

To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to encourage business start-ups and entrepreneurship.

Anna Soubry

The Start-Up Loans scheme supports people wanting to start a business and has provided over 33,500 loans worth over £180 million. The Government is providing further funding to Growth Hubs to help businesses at the local level, as well as cutting taxes on small businesses, extending rate relief and increasing the Employment Allowance.

The latest stats from the ONS show that the number of UK start-ups has reached record levels with some 351,000 new businesses launched in 2014.