Bob Ainsworth – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Bob Ainsworth on 2014-04-29.

To ask the Secretary of State for Business, Innovation and Skills, what steps his Department is taking to support business start-ups in (a) Coventry North East constituency and (b) Coventry.

Matthew Hancock

We continue to work hard to provide the right support to make life easier for people looking to start a business and those looking to grow their business.

www.gov.uk is the home for Government services and information online. One of the tools available is the ‘Finance and Support Finder;’ a searchable database of publicly-backed sources of finance and Business Support. The website www.greatbusiness.gov.uk also provides support and advice for entrepreneurs starting out as well as for anyone trying to grow a business

In addition to on-line support, the Business Support Helpline is available to provide a quick response on queries about starting a business, or a personalised and in-depth advice service for more complex needs Start-Up Loans provide start up funding and intensive support to entrepreneurs to enable them to start a business. The Start-Up Loans Scheme has so far helped 26 companies in Coventry North East with a value of £108,400, and 75 companies in Coventry with a value of £359,617.