Ian C. Lucas
Main Page: Ian C. Lucas (Labour - Wrexham)Department Debates - View all Ian C. Lucas's debates with the Department for Education
(13 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Vaizey
We are expanding the enterprise finance guarantee scheme by an additional £200 million, and we understand that it will support some £700 million of extra bank lending, but I absolutely agree with the hon. Gentleman about the problem of securing bank lending. We are due to publish a Green Paper on business finance before the summer recess. I hope that that will address many of the issues that are involved.
Ian Lucas (Wrexham) (Lab)
We on the Labour Benches welcome the extension of Labour’s successful enterprise finance guarantee that was announced in the Budget. We are questioning what has happened to the “major loan guarantee scheme” referred to in the coalition agreement. Is that in fact the same thing as Labour’s successful enterprise finance guarantee scheme, which the Tories and the Liberals have now extended in their own Budget?