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Volume 696: debated on Tuesday 25 May 2021

Our start-up loans programme has a phenomenal track record of backing budding entrepreneurs. We have supported more than 83,000 people across the UK with £733.5 million in loans. The British Business Bank’s new “UK Unlocked” campaign supports all entrepreneurs to access the right finance to start and grow.

I am really pleased to hear the Minister’s response, and I am grateful for the financial backing the Government give, but for someone sat in Bosworth with a great idea, one of the hardest things they struggle to come up with is where to start, so what are the Government doing to signpost people who want to start a business who are asking exactly that question?

The answer to this question is to go to the Coventry and Warwickshire local enterprise partnership growth hub. There are 38 growth hubs around the country that are one-stop shops to get access to that. We are helping SMEs navigate the business finance landscape through those growth hub networks as well. Our detailed business support webpages provide advice for businesses of all sizes across the UK.