(14 years, 1 month ago)
Commons Chamber9. What steps he is taking to increase lending to small businesses.
13. What steps he is taking to increase lending to small businesses.
The latest official information shows that more than two thirds of loan applications from small firms are approved. However, the Government are determined to press the banks to ensure that creditworthy businesses have the finance that they need. Among the actions that we are taking are enforcing lending codes, improving customer information and extending the enterprise finance guarantee.