House of Commons · Written Ministerial Statement
Business Growth Service
09 December 2024 · Department for Business and Trade
Proposed by Jonathan Reynolds Lab Co-op Stalybridge and Hyde
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Business Growth Service is set to launch in the first half of 2025 to support small and medium-sized enterprises in the UK.
- The programme aims to simplify access to support for SMEs and will work in collaboration with local governments and other partners.
- The service will also assist businesses in expanding internationally.
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.
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Assessment & feedback
Summary accuracy