Net Lending (Businesses)

Part of Oral Answers to Questions — Business, Innovation and Skills – in the House of Commons at 9:30 am on 7 February 2013.

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Photo of Adrian Bailey Adrian Bailey Chair, Business, Innovation and Skills Committee, Chair, Business, Innovation and Skills Committee 9:30, 7 February 2013

Banks tell me that small businesses will not ask for money because of their lack of confidence in a flatlining economy. Small businesses tell me that banks will not lend to them because of the risk factor and the desire to increase their capital balances. The Government say they are going to introduce a business bank. When will the business bank be up and running to address these problems, and in what different way will it operate to overcome them?