HM Treasury has announced a GBP 4 million funding package over three years, delivered through the Money and Pensions Service, to expand debt advice for small businesses, sole traders and the self-employed facing financial difficulty. The funding is intended to support an additional 16,000 businesses over the period, taking total support to 75,000 businesses, and builds on the existing Business Debtline service. The package extends support that the Money and Pensions Service has funded at GBP 3 million a year since 2024 for Business Debtline, which is delivered by the Money Advice Trust and focuses on cases where personal and business finances overlap. HM Treasury said the service has supported around 50,000 people so far, with more than 90% of clients seeing their debts reduce or stabilise, and that the new funding is aimed at meeting rising demand. Separately, a further GBP 2 million will be provided this year to modernise debt advice, on top of GBP 4.8 million already invested under the government’s Financial Inclusion Strategy, including projects such as AI pilots, digital referral pathways, infrastructure upgrades and more inclusive service design.
HM Treasury2026-06-04
HM Treasury provides GBP 4 million for business debt advice services and GBP 2 million for debt advice modernisation
HM Treasury has announced a GBP 4 million funding package over three years, delivered through the Money and Pensions Service, to expand debt advice for small businesses, sole traders and the self-employed, supporting an additional 16,000 businesses and taking total support to 75,000. The package extends funding for the Business Debtline service, which has supported around 50,000 people and is aimed at meeting rising demand. Separately, HM Treasury will provide GBP 2 million this year to modernise debt advice, including AI pilots, digital referral pathways, infrastructure upgrades and more inclusive service design.