Oral QuestionDepartment for Business, Energy and Industrial Strategy

What steps he is taking to help reduce the number of late payments to small businesses.

Tabled: 23 September 2020Answered: 29 September 2020

Asked by

Neil O'Brien

ConservativeHarborough, Oadby and Wigston

Answering Minister

the Secretary of State for Business, Energy and Industrial Strategy

Answer from Hansard

The Chief Secretary to the Treasury (James Murray)

As my hon. Friend will know, last year the Government signed a £100 million Falkirk and Grangemouth growth deal with the Scottish Government. At the Budget this year, we further recognised Grangemouth’s centuries of history as a key UK industrial site by announcing additional investment of up to £14.5 million to support industrial projects that can create jobs. Alongside that, the National Wealth Fund is ready to invest £200 million alongside the private sector to help unlock Grangemouth’s full potential and secure our clean energy future.