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PARLIAMENTARY WRITTEN QUESTION
Small Businesses: Cost of Living (1 December 2022)

Question Asked

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many SMEs in Wirral South have received Government funding for support during the cost of living crisis.

Asked by:
Alison McGovern (Labour)

Answer

The Government recognises the impact rising prices are having on businesses, including those in Wirral South.

Businesses in Wirral South will have benefitted from the Government’s reversal of the National Insurance rise, saving SMEs on average £4,200, cut fuel duty for 12 months and the Energy Bill Relief Scheme, to protect SMEs from high energy costs over the winter. The Employment Allowance was increased to £5,000 from April and we have continued to provide business rate relief worth over £7bn, freezing the business rates multiplier for a further year.

The Government is providing financial support - 106 SMEs in Wirral South have received Start Up Loans to the value of £1,014,500 as of October 2022.


Answered by:
Kevin Hollinrake (Conservative)
9 December 2022

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