Small businesses battling Brexit hardship to receive a £200m boom

SMALL businesses will be helped to survive Brexit after the government pumped in an extra £200m to supporting fledgling firms.

Thursday, 18th April 2019, 12:11 pm
Updated Thursday, 18th April 2019, 7:08 pm
Caroline Dinenage, Gosport MP, has welcomed the news. Photo: Dominic Lipinski/PA Wire

The fund has been given to the British Business Bank as part of the government’s additional measures to help firms during Brexit.

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The business bank already supports 82,000 smaller businesses, including some in the Portsmouth area, having handed out £5.9bn in loans and grants.

The announcement of the latest cash windfall has been welcomed by health minster Caroline Dinenage, Gosport MP.

She said: ‘This is great news for local and national businesses. Gosport has one of the lowest job densities in England - 0.5 jobs per person - and I sincerely hope that this funding will be able to help local entrepreneurs and businesses expand.’