What type of support do local authorities provide for new businesses?

Local authorities play a vital role in supporting new businesses by providing a range of services that go beyond just financial assistance. The correct answer highlights that local authorities offer planning support, assistance with premises, as well as grants and loans.

Planning support is crucial for new businesses as it helps them navigate through the regulatory environment, ensuring they meet the necessary criteria to operate legally. This involves guidance on zoning laws, building permits, and compliance with health and safety regulations, which are essential for starting any business.

Additionally, assistance with premises helps entrepreneurs find suitable locations for their operations. This could include access to information about available commercial properties, advice on location suitability, and potentially even partnerships with existing property owners.

Grants and loans are financial tools offered by local authorities to alleviate the initial burden of starting a business. Grants, which do not need to be repaid, can provide essential funding for businesses that meet specific criteria, whereas loans offer an alternative funding method that can be returned over time.

While other options listed may include valuable services, they do not encompass the comprehensive support system local authorities typically provide. The option mentioning solely financial loans or grants lacks the broader scope of assistance critical for starting and sustaining new businesses. Tax consultation, while beneficial, is a more specialized service and