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Regional Development Agencies: Business Support

Volume 487: debated on Thursday 5 February 2009

8. 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. (254315)

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.