This package is part of the government’s efforts to boost support for the growing number of small businesses across the UK. Small firms employ around 14 million people and are making an increasingly significant contribution to the British economy.
Enterprise and Skills Minister Matthew Hancock said:
Small businesses are the bedrock of the UK economy and I’m delighted that today at the Federation of Small Businesses policy day, we are able to cement our commitment to help them grow.
Small businesses are responsible for nearly half the job creation in the UK. That’s why we must continue our drive to provide the support they need to scale-up, move into new markets and hire more staff so that they can compete in the global race.