Regional Development Agencies: Business Support

Business, Enterprise and Regulatory Reform written question – answered at on 5 February 2009.

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Photo of Roberta Blackman-Woods Roberta Blackman-Woods Labour, City of Durham

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what steps regional development agencies are taking to support small and medium-sized businesses during the economic downturn; and if he will make a statement.

Photo of Pat McFadden Pat McFadden Minister of State (Department for Business, Enterprise and Regulatory Reform) (Employment Relations and Postal Affairs), Member, Labour Party National Executive Committee

RDAs are offering SMEs real help through the Business Link network, including access to the "Solutions for Business" portfolio of business support. In addition, outside London, RDAs are already providing or are in the process of setting up transition loan funds for viable small and medium-sized businesses facing finance difficulties. £25 million will be available through these funds to businesses suffering short-term funding problems owing to the global downturn.

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