Oral Answers to Questions — Minimum Lending Rate

Part of the debate – in the House of Commons at 12:00 am on 5th March 1979.

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Photo of Mr Harold Lever Mr Harold Lever , Manchester Central 12:00 am, 5th March 1979

Availability of funds and the rate of interest are not necessarily the same thing. As the hon. Gentleman knows, the Welsh Development Agency has done a splendid job in providing funds. COSIRA and other agencies have done well in the United Kingdom generally. There are special difficulties for the smaller firm in finding finance. I shall keep under constant review what might be done to extend the facilities for providing finance for these smaller firms.