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Small Businesses (Access to Finance)

Oral Answers to Questions — Business, Innovation and Skills – in the House of Commons at 10:30 am on 15th March 2012.

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Photo of William Bain William Bain Shadow Minister (Scotland) 10:30 am, 15th March 2012

What steps he plans to take to improve access to finance for small businesses.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

The Government are providing a comprehensive package of finance support, whether it be debt or equity funding, financial support for exports, or indeed a Business Angel co-investment fund. Next week, the Chancellor will launch the national loan guarantee scheme.

Photo of William Bain William Bain Shadow Minister (Scotland)

With just 136 net business start-ups in Glasgow North East in the last year, and with net bank lending having fallen in every quarter of 2011, when will firms in my constituency benefit from credit easing? It is more than five months since the Chancellor first announced it.