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Business Growth Service

09 December 2024

Proposing MP
Stalybridge and Hyde
Type
Written Ministerial Statement
Department
Department for Business and Trade

At a Glance

Issue Summary

The statement discusses the launch of a new programme called the Business Growth Service aimed at supporting small businesses in the UK.

Action Requested

The department will launch the Business Growth Service in the first half of 2025 to simplify access to support for small and medium-sized enterprises (SMEs) across the UK, working with local governments and other partners. The service will also facilitate international expansion for businesses.

Key Facts

  • There are 5.5 million small businesses in the UK.
  • Small businesses account for 16.6 million jobs and £2.8 trillion annual turnover.
  • The Business Growth Service is set to launch in the first half of 2025.
Assessment & feedback
Summary accuracy