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Amendment of the Law

Part of the debate – in the House of Commons at 3:11 pm on 24th March 2011.

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Photo of Andrew Love Andrew Love Labour, Edmonton 3:11 pm, 24th March 2011

I am listening very carefully to the hon. Gentleman. Does he agree that the real problem for small businesses is not in formation, as a number of them will inevitably die after a few years, but in taking a small business and making it into a larger business? I take his point about venture capital trusts, business angels and all the other mechanisms, but the only way in which we can achieve such growth is through bank lending. That is the real source of capital for small businesses, so how do we improve bank lending?