Oral Answers to Questions Debate

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Department: Cabinet Office

Oral Answers to Questions

David Simpson Excerpts
Wednesday 10th July 2013

(11 years, 3 months ago)

Commons Chamber
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Theresa Villiers Portrait Mrs Villiers
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Small business Saturday was raised with me by Glyn Roberts of NIIRTA when I met small businesses just a few days ago. The Government are determined to rebalance the economy to create the right conditions for growth in Northern Ireland. That was the aim of the extensive economic package that we agreed with the First Minister and Deputy First Minister, which was broadly welcomed by people such as the Taoiseach, the US President and even the shadow Secretary of State. That provides a good platform to help small businesses.

David Simpson Portrait David Simpson (Upper Bann) (DUP)
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One of the obstacles to the growth of the economy in Northern Ireland has been the lack of funding from banks to help small and medium-sized enterprises. What discussions has the Secretary of State had with the banks so that funding can be made available to these companies?

Theresa Villiers Portrait Mrs Villiers
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I have had extensive discussions with the banks, Treasury Ministers and the Finance Minister of the Northern Ireland Executive. That informs an important part of the work stream that we will take forward as part of the economic package.