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Business minister praises business growth in Harlow

Business / Fri 21st Nov 2014 at 08:42am

BUSINESS minister, Matthew Hancock has praised the rate of business growth in Harlow.

The minister was responding to a question in the House of Commons from Harlow MP, Robert Halfon.

Robert Halfon: What recent support has the minister provided to small businesses?

Matthew Hancock: The British Business Bank is now fully operational and has facilitated a total of £2.3 billion of new lending and investment to more than 21,000 businesses. The growth accelerator scheme supports just under 20,000 firms, and 22,600 start-up loans have been drawn down, totalling more than £199 million. More than that, we support small businesses by delivering on our long-term economic plan.

Robert Halfon: Is my right hon. Friend aware that in 2012 research by Experian for the BBC said that Harlow had the highest rate of business growth in the whole of the United Kingdom?

I am holding my own business awards to honour some of Harlow’s best businesses. We have had more than 300 nominations and I will be announcing the result on small business Saturday. Will he congratulate the businesses that have been nominated and recognise the incredible contribution they have made to Harlow’s community?

Matthew Hancock: I do congratulate the businesses that have been nominated and all the businesses that have contributed to a fall in unemployment in Harlow of more than 40% in the past year.

My hon. Friend’s jobs fairs have contributed to that and I have no doubt that his support for small business Saturday, which all Members should support, will help to ensure that businesses can thrive in Harlow and elsewhere.

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