PARLIAMENTARY WRITTEN QUESTION
Small Businesses: Ealing North (18 January 2023)

The Government recognises the impact rising prices are having on businesses.

Businesses in Ealing North will have benefitted from the Government’s reversal of the National Insurance rise, saving SMEs approximately £4,200 on average, the cut to fuel duty for 12 months and raising the Employment Allowance to £5,000. The Energy Bill Relief and Energy Bill Discount Schemes will protect SMEs from high energy costs over the winter. The Autumn Statement, announced £13.6 billion of support for businesses over the next five years, reducing the burden of business rates for SMEs.

The Government is providing financial support - 206 SMEs in Ealing North have received Start Up loans to the value of £2,203,440, as of December 2022.