Small Businesses

Department for Business, Innovation and Skills written question – answered on 9th November 2015.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask Her Majesty’s Government whether any discussions are taking place about supporting ING Groep NV's plans to expand their small-business lending programme.

Photo of Baroness Neville-Rolfe Baroness Neville-Rolfe The Parliamentary Under-Secretary of State for Culture, Media and Sport, The Parliamentary Under-Secretary of State for Business, Innovation and Skills

The government wishes to see a diverse and competitive market for lending to small and medium businesses and welcomes new entrants to that market. We are aware of ING’s recent equity investment in an online lending platform. That is a commercial matter for ING which the government has not discussed with the company.

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