Lord Taylor of Warwick – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Lord Taylor of Warwick on 2016-03-03.

To ask Her Majesty’s Government whether they have any plans to help more businesses in Cambridge in the light of reports that it has the best rates for startup survival.

Baroness Neville-Rolfe

Government’s Start-Up Loans scheme supports people wanting to start a business and has provided over 35,000 loans worth over £200 million. We’re committed to supporting start-ups by cutting taxes on small businesses, extending rate relief and increasing the Employment Allowance.

In Cambridge, Government has invested £4.8m in the establishment of the Sir John Bradfield Technology Centre to support business incubation on Cambridge Science Park. This is in addition to a range of other growth-enabling investments made through the £500m Greater Cambridge City Deal, the £109.1m Greater Cambridge Greater Peterborough Growth Deal and a three year funding package to support development of a local business Growth Hub