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Business: Grants

Volume 475: debated on Tuesday 6 May 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform how many of the 3,000 business support schemes which the Government pledged in the 2006 Budget to reduce to 100 by 2010 have been closed down or amalgamated with other schemes. (199936)

The Government are on track to deliver no more than 100 schemes by 2010 and close or amalgamate existing schemes as the new products are launched. We announced the timetable in March.

New, more effectively targeted, products will become available to business, starting this year. Business Link is gearing up to be the primary access channel to give business one main source of advice.

The new product portfolio will be available no later than March 2009 and will address business issues:

Export Credit Guarantee (March 2008), Skills Solutions for Business, Capital Investment Grants, Preparing to Export, Investigating New Overseas Markets, Getting The Most from Foreign Direct Investment (October 2008), Business Collaboration Networks, Shared Business Support Environments (November 2008), Debt Finance, Risk Capital, Finance Awareness and Capability (January 2009), Business Creation, Business Expertise for Growth, Promoting Resource Efficiency and Sustainable Waste Management, Protecting the Natural Environment, Local Community Business Coaching, Innovation Finance, and Innovation Collaborations (March 2009).