Small Businesses: Construction

Business, Enterprise and Regulatory Reform written question – answered on 30th April 2008.

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Photo of David Kidney David Kidney PPS (Rt Hon Rosie Winterton, Minister of State), Department for Transport

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what plans he has to provide loans to small and medium sized enterprises which are construction companies to assist them in meeting the capital costs associated with high energy-efficiency construction projects.

Photo of Gareth Thomas Gareth Thomas Parliamentary Under-Secretary(Department for International Development) (Trade Policy) (also Business, Enterprise and Regulatory Reform), Parliamentary Under-Secretary (Department for Business, Enterprise and Regulatory Reform) (Trade and Consumer Affairs) (also Department for International Development), Party Chair, Co-operative Party

BERR has no plans to develop loan funds targeted specifically at construction sectors delivering energy-efficiency projects.

Small and medium size businesses operating in construction and energy sectors are already eligible for the Small Firms Loan Guarantee (SFLG), subject to lenders normal lending criteria. This is the Government's principal debt finance instrument, managed as part of BERR's strategy to help businesses to be able to access finance they need. In the Financial Year 2006-07 almost 5 per cent. of the overall distribution of SFLG lending went to businesses operating across construction sectors.

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