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Businesses: Growth

Volume 718: debated on Thursday 25 March 2010


Asked by

To ask Her Majesty's Government what discussions they plan to hold with the City of London Corporation's Economic Development Office following its recent report on the financial needs of United Kingdom small and medium-sized enterprises. [HL3078]

The City of London's report provides a good summary of the financing landscape affecting small and medium-sized enterprises (SMEs), including the funding escalator required for different stages of business growth. Government acknowledge the conclusions in the report and will continue to work with a wide range of stakeholders and partners, including the City of London, to support the financial needs of UK SMEs and to help address the issues that the report identifies.