Lord Taylor of Warwick – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Lord Taylor of Warwick on 2015-10-28.

To ask Her Majesty’s Government what plans they have to encourage start-ups and boost company growth in Romford.

Baroness Neville-Rolfe

We are supporting small businesses in many ways and are committed to making sure the UK is the best place in Europe to start and grow a business. Businesses in Romford are benefitting from Government support.

68 Start Up Loans, worth £362,000, have been issued across Romford. And 34 businesses have secured loans worth £3.14 million under the Enterprise Finance Guarantee scheme.

Through the South East Growth Deal the Government is investing £488 million over six years (2015-2021) to projects which will support economic growth across Essex, including in Romford. And across Romford, six ambitious high growth businesses are benefitting from the advice and support provided by the Business Growth Service.