§ Mr. Denis MurphyTo ask the Secretary of State for Trade and Industry what steps she is taking to encourage the growth and development of small businesses in areas of high unemployment. [19932]
§ Nigel GriffithsThe Small Business Service (SBS) was established in April 2000 as a single Government agency dedicated to help small firms and represent their interests. One of the key aims of the SBS is to stimulate enterprise, particularly in areas of deprivation, including those with high levels of unemployment.
Working through a national network of Business Link operators, the SBS provides information, advice and access to expertise on just about everything needed to start and grow a business. An element of the funding provided to Business Link operators is allocated on the basis of relative levels of deprivation.
464WUnder the Phoenix fund, we are providing support to 96 projects aimed at stimulating enterprise among under-represented and disadvantaged groups. A number of these projects are in areas of high unemployment.
Enterprise grants of up to £75,000 are available in the assisted areas and other specified areas of England to support growing small and medium-sized businesses. In addition, larger grants are available through regional selective assistance in assisted areas to help create and safeguard jobs.
The whole Wansbeck district is covered by the enterprise grant scheme and much of it by assisted areas.
Under the new deal, help is available to all long term unemployed people who want to become self-employed.