Mark Prisk (then Minister of State for Business and Enterprise) presented a ministerial written statement to the House on
Since then the Secretary of State has announced the creation of a business bank which will bring together, review and rationalise existing Government schemes aimed at supporting access to finance for businesses under a single organisation, in order to increase access to and awareness of these interventions. The review was therefore put on hold until it was clear how Capital for Enterprise Ltd would fit with the business bank.
The strategy update “Building the Business Bank” which the Secretary of State published on the
Given that Capital for Enterprise Ltd will not continue in its current form, I have decided not to complete the triennial review of Capital for Enterprise Ltd.