Geoffrey Robinson

Will my right hon. Friend look at access to finance for research and development in manufacturing and, in particular, the position in Coventry, where Ericsson is sacking 700 skilled workers because it cannot access R and D money owing to its status as a cost centre, and not a profit centre? That seems a big restriction.

— from debate entitled “Small and Medium-sized Businesses”

The three speeches/headings immediately before

  1. 1 earlier: Rosie Winterton

    That is not my understanding of what Lord Sugar said. However, there has been very good progress in terms of the enterprise finance guarantee, and, as I said, about £630 million has been offered to small and medium-sized enterprises. The hon. Gentleman needs to understand that his party totally opposed those facilities, and that, working with regional development agencies and local authorities, we have not only got real help out there to businesses during these difficult economic times, but set out a very clear plan for the recovery regionally, locally and nationally.

  2. 2 earlier: John Howell

    Picking up the point that my hon. Friend the Member for Havant (Mr. Willetts) made, I wonder whether the Minister agrees with her new noble Friend Lord Sugar, the Prime Minister's enterprise tsar, who said that those small businesses that are trying to seek credit are merely moaners and living in Disneyland.

  3. 3 earlier: Rosie Winterton

    A number of targeted interventions are working to ensure access to finance for small and medium-sized businesses. They include the enterprise finance guarantee, whereby 6,240 businesses have been offered loans totalling £630 million to date, and the capital for enterprise fund, whereby £60 million has been offered to 40 businesses.

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