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The Small Firms Division was created in November 1971. The first Small Firms Minister was Nicholas Ridley, Parliamentary Under Secretary of State for Trade & Industry.
He reported directly to the Secretary of State for Trade & Industry, John Davies.
| Nov 1971 | Nicholas Ridley |
| Apr 1972 | Chris Chataway |
| Mar 1974 | Eric Heffer |
| Jun 1975 | Gregor Mackenzie |
| Mar 1976 | Lord Melchett |
| Dec 1976 | Bob Cryer |
| May 1979 | David Mitchell |
| Jun 1981 | John McGregor |
| Jun 1983 | David Trippier (DTI) |
| Sep 1985 | David Trippier (Dept of Employment) |
| Jun 1987 | John Cope (Dept of Employment) |
| Jul 1989 | Tim Eggar (Dept of Employment) |
| Jul 1990 | Eric Forth (Dept of Employment) |
| Apr 1992 | Baroness Denton (DTI) |
| Sep 1993 | Lord Strathclyde |
| Jul 1994 | The Earl Ferrers |
| Jul 1995 | Richard Page |
| May 1997 | Barbara Roche |
| Jan 1999 | Michael Wills |
| Jul 1999 | Patrica Hewitt |
| Jun 2001 | Nigel Griffiths |
| May 2005 | Alun Michael - Minister of State for Industry and the Regions |
| May 2006 | Margaret Hodge - Minister of State for Industry and the Regions |
| June 2007 | Stephen Timms – Minister of State for Competitiveness |
| Jan 2008 | Shriti Vadera - Minister for Economic Competitiveness and Small Business (jointly with Cabinet Office) (BERR) |