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.
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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