Small Business, Enterprise and Employment Act 2015

HM Treasury written question – answered on 7th December 2015.

Alert me about debates like this

Photo of Lord Cotter Lord Cotter Liberal Democrat

To ask Her Majesty’s Government how they plan to implement the Small Business Enterprise and Employment Act 2015's mandatory referral scheme.

Photo of Lord O'Neill of Gatley Lord O'Neill of Gatley The Commercial Secretary to the Treasury

The referral scheme is not yet up and running but the Government is committed to delivering this policy which will help small and medium sized enterprises access the finance they need to grow and expand.

Since the Government announced the Finance Platform policy it has consulted, passed primary legislation and is now close to making secondary legislation.

The British Business Bank is currently undertaking a due diligence process on Finance Platforms that have expressed an interest in becoming designated and will advise HM Treasury on designation in the Spring; with the policy expected to ‘go live’ later in 2016.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.