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Public Houses: Closures

Volume 488: debated on Tuesday 24 February 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what steps his Department is taking to reduce the number of public house closures. (241808)

The Government are taking a range of steps to help businesses through the current economic downturn to boost capital and liquidity in the market. This is across all sectors of the economy. Key measures include the introduction of a new Enterprise Finance Guarantee to support up to £1.3 billion of bank lending, a separate £10 billion guarantee facility to support further working capital bank lending, a £75 million Capital for Enterprise Fund to convert businesses’ debt into equity, and £25 million of regional funds. Public houses are able to access the package of help on offer, including a Business Link “Health Check”, via:

www.businesslink.gov.uk/realhelp