Creative Industries: Loans

House of Lords written question – answered on 3rd July 2012.

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Photo of Lord Cotter Lord Cotter Liberal Democrat

To ask Her Majesty's Government what plans they have to develop a loan guarantee scheme to benefit small and medium sized enterprises working within the creative industries.

Photo of Baroness Garden of Frognal Baroness Garden of Frognal Lords Spokesperson (Department for Culture, Media and Sport), Baroness in Waiting (HM Household) (Whip)

Government have no current plans to develop a loan guarantee scheme specifically for small and medium sized enterprises in the creative industries sector in the United Kingdom. Businesses in this sector can already benefit from a range of existing finance schemes. These include the Enterprise Finance Guarantee, Enterprise Capital Funds, the Business Angel Co-Investment Fund, the National Loan Guarantee Scheme and the Business Finance Partnership.

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