Small Business Support: New Funding and Investment Rules
This act aims to make it easier for small businesses, especially those in rural or low-income areas or operating in critical technologies, to obtain funding. It increases loan limits and introduces mechanisms to adjust their value for inflation, potentially helping local businesses grow and create jobs.
Key points
Increased funding opportunities for small businesses, particularly in rural and low-income areas.
Additional support for companies developing critical technologies and small manufacturers.
Funding limits will be automatically adjusted for inflation, ensuring their relevance.
Changes aim to stimulate investment in less developed regions and innovative sectors.
Introduced
Citizen Poll